Ethereum Rises Above $1,200 on Tuesday, Upcoming Consumer Confidence Report from the US. The price follows a breakout above the key resistance level of $1,180. Bitcoin also rose in today’s session, ending a five-day losing streak.
Bitcoin
Bitcoin (BTC) fell for a fifth straight day on Tuesday as prices moved away from recent support points. did.
Following its first week low of $16,054.53,BTC/USD surged to an intraday high of $16,522.26 today.
This surge pushed Bitcoin higher from the aforementioned low of $16,175. This has been going on for him since early November.
Looking at the chart, the price is jumping, but this is a test If this momentum can be maintained as the Relative Strength Index (RSI) hits the ceiling.
At the time of this writing the exponent is slightly above the 41.00 cap, with a current reading of 41.12.
If the price continues to rise, a bull may enter the market andBTC could approach his $17,000.
Ethereum
BTC In addition to, Ethereum (ETH) also rises Tuesday, Ahead of the US Consumer Confidence Report.
The Conference Board Consumer Confidence Survey is expected at 100, just below October’s 102.5.
ETH/USD crossed $1,200 on Tuesday, hitting a high of $1,216.52 early in today’s session.
chart, this move ended two days in a row . The loss pushed Ethereum to its highest level since Saturday.
Overall, this move is due to his RSI breaking above the 43.70 resistance point and currently tracking 46.10 at the time of writing.
The $1,230 cap is currently awaiting the Ethereum bulls, and a move to $1,300 could be in the cards once this hurdle is overcome.
SUBSCRIBE HERE FOR WEEKLY PRICE ANALYSIS UPDATES IN YOUR INBOX:
IMAGE CREDITS: Shutterstock, Pixabay, Wiki Commons