Ethereum Closes to $1,300 Level on December 2nd That’s because the latest US nonfarm payrolls report showed 263,000 jobs added to the US economy. The market expected this to be 200,000. Bitcoin was trading above $17,000 before the data was released.
Bitcoin
Bitcoin (BTC) hits 17,000 again following today’s US Nonfarm Payrolls (NFP) report. It traded above the dollar.
Today’s data were expected to show him adding 200,000 jobs to the US economy, which is less than his October figure of 260,000. It would be However, the figure exceeded expectations, at the level of 263,000.
BTC/USD hit a high of $17,197.50 ahead of this news, less than a day after the price hit a bottom of $16,888.39. rose.
As can be seen from the chart when the price moves beyond the key A rally has occurred The resistance level is at $16,800 and the Relative Strength Index (RSI) is also near the ceiling. The
index is currently tracking 48.68, just below the 50.00 resistance point, and appears to be the main obstacle for the price to extend its previous rally.
Bulls remain optimistic even though the 10-day (red) moving average is approaching an upward crossover of the 25-day (blue) moving average.
Ethereum Similar to
BTC, Ethereum (ETH) also rose on Friday, with the coin continuing to move around $1,300.
Following Thursday’s low of $1,267.71,ETH/USD raced to an intraday high of $1,293.11 early in today’s session.
Friday’s move brought the world’s second-largest cryptocurrency close to the recent resistance of $1,300, but the asset has so far failed to break above this point.
This is a slight crossing of the 10-day (red) moving average. It happens even though it looks like it did. It outperforms its counterpart on the 25th (blue).
If this crossover continues upwards,ETH could not only move past $1,300 points, but also head towards a higher cap of $1,390.
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