By Bitcoin.com - 1 יאָר צוריק - לייענען צייט: 2 מינוט
Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout
Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing.
Bitcoin
Bitcoin (בטק) was consolidating in today’s session, as prices retreated from Monday’s three-week high.
Following a peak of $17,371.00 to start the week, בטק/ וסד געפאלן צו אַ ינטראַדיי נידעריק פון $ 16,922.43 פריער אין דעם טאָג.
This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price.
Looking at the chart, the drop took place as the 14-day relative strength index (RSI) was also unable to climb past a ceiling of its own.
As of writing, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00.
Should a breakout occur, it is likely that בטק will move back towards the $17,400 point in upcoming days.
עטהערעום
עטהערעום (עטה) was also in the red during Tuesday’s session, as a result of a failed breakout to start the week.
עטה/USD fell to a bottom of $1,252.47 earlier in the day, which comes as bulls were unable to sustain a surge above the $1,300 mark.
אין שרייבן, עטה is currently trading at $1,264.00, which is nearly 3% lower than Monday’s peak of $1,302.24.
ווי מיט bitcoin, today’s decline in ethereum comes as the RSI moved below its ceiling at the 52.00 level.
Currently, the index is at a reading of 50.18, with the world’s second largest cryptocurrency trading at $1,263.60.
The 10-day (red) moving average continues to hover above its 25-day (blue) counterpart, which typically is a sign of pending bullish sentiment.
פאַרשרייַבן דיין E- בריוו דאָ צו באַקומען וויקלי דערהייַנטיקונגען פון פּרייַז אַנאַליסיס געשיקט צו דיין ינבאָקס:
Will we see ethereum rebound in upcoming days? Leave your thoughts in the comments below.
אָריגינעל מקור: Bitcoinראַנגקינג