Ethereum nearly consolidated during Tuesday’s session. rice field. Trading close to recent highs. After moving to a three-week peak earlier in the week, the market maintained bullish sentiment earlier in the day. Bitcoin has also maintained its recent momentum, with the coin remaining near his $17,400 ceiling.
Bitcoin
Bitcoin (BTC) dropped to $17,200 in today’s session as the trader moved to secure Monday’s profit. It continued to trade close to the dollar.
Week-first lows of $17,162.99 followed byBTC/USD earlier in the day he hit $17,389.96 highs.
However, previous profits have since declined and the world’s largest cryptocurrency is now trading at $17,271.27.
chart, today’s price consolidation is at the 14-day Relative Strength Index (RSI) continued to hover near the major resistance at the 60.00 mark. The
index is currently tracking above this point at 60.89, but price uncertainty has increased and previous bulls have abandoned their positions.
The trader may attempt to cross his $17,400 price cap again, which could be later in the week following the release of US inflation data.
Ethereum
Ethereum (ETH) also entered a correction on Tuesday after price failed to break his $1,350 key resistance on Monday. It has entered.
Early in today’s session,ETH/USD peaked at $1,342.14 before bottoming out at $1,317.24.
Similar to Bitcoin, Ethereum’s consolidation today came as traders chose to take profits after the coin hit a multi-week high yesterday.
chart, yesterday’s profit was ETH
Entering overbought territory, rising momentum slows.
RSI is now tracking 68.08, its strongest point since late October and nearing the 70.00 cap
Bullish Momentum Gains Recent Gains In order to expand , this upper bound must first be overcome.
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