ETH ишемби күнү $ 1,200 Breakout көздөй

Ethereum was once again nearing a breakout of its $1,200 level, as bearish sentiment returned to start the weekend. Following price rebounds on Friday, cryptocurrency markets were back in the red, and are trading 0.68% lower as of writing. Bitcoin also slipped in today’s session.

терминалдарда

Bitcoin (BTC) was once again trading lower to start the weekend, as the token moved back towards a recent price floor.

BTC/USD fell to an intraday low of $16,564.61 in today’s session, which comes less than a day after hitting a high of $16,795.20.

Кыймыл көрүп турат BTC move closer to this week’s support point of $16,000, which has been in place since the FTX collapse.

Looking at the chart, today’s drop in price comes as a hurdle was hit on the 14-day relative strength index (RSI).

This wall of 38.00 on the indicator has seemingly prevented bulls from recapturing the $17,000 mark, and in turn opened the door to a bearish reentry.

Should Saturday’s bearish momentum continue to intensify throughout the course of the weekend, BTC will likely edge closer to $16,000.

Ethereum

Кошумча BTC, ethereum (ETH) also stumbled lower on Saturday, with prices nearing a breakout of the $1,200 level.

Following a high of $1,222.20 on Friday, the world’s second largest cryptocurrency dropped to a low of $1,200.48 earlier today.

Кыймыл катары келди ETH/USD fell below a recent ceiling of resistance at $1,220, with bulls now fighting to reject any further declines.

Жазуу жүзүндө, ETH is trading at $1,209.44, as traders have so far rejected a drop below $1,200.

This is due to two things, first the 10-day (red) moving average has begun to trend upwards, which has brought back a level of bullish sentiment to the token.

In addition to this, the 14-day relative strength index (RSI) continues to track above a key floor of 37.75, which appears to be a major reason why we haven’t seen any further significant sell-offs.

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Could we see ethereum fall below $1,200 this weekend? Leave your thoughts in the comments below.

Элиман Дамбелл

Элиман рынокту талдоо үчүн эклектикалык көз карашты алып келет, ал мурда брокердик директор жана чекене соода боюнча окутуучу болгон. Учурда ал ар кандай актив класстары боюнча, анын ичинде Crypto, Stocks жана FX боюнча комментатор катары иштейт.