ETH, BTC rise for the first time in a row in almost 2 weeks – Market Update Bitcoin News

Bitcoin rallied for a second straight session on Tuesday, marking its first back-to-back gain in two weeks. Ethereum It also climbed in today’s trade as the bulls continued to re-enter the market.

bitcoin

bitcoin Tuesday was higher for a second straight session as the market continued to stay away from recent lows.

Prices hit an intraday high of $21,387.65 earlier today and traded at a low of $19,905.48 less than a day later.

See the price surge today bitcoin/USD rose for the first time in a row since the beginning of the month.

Bitcoin, Ethereum technical analysis: ETH, BTC rose for the first time in nearly two weeks
bitcoin/USD – daily chart

The bulls have re-entered the market with relative strength over the past few sessions as some believe we may have seen a bottom in prices.

Looking at the chart, there could be further lows ahead, especially if the 14-day RSI moves back to the recent low of 19.

This can be seen bitcoinThe price is as low as $15,000, but the bulls are likely to work hard to prevent that from happening.

Ethereum

Ethereum also rose on Tuesday, as it rose for a second straight session after its recent lows.

The world’s second-largest cryptocurrency earlier climbed to an intraday high of $1,168.80, before prices recovered above $1,000 on Monday.

Tuesday’s high was nearly $300 above last weekend’s low. Ethereum Near $850 for the first time since January 2021.

Bitcoin, Ethereum technical analysis: ETH, BTC rose for the first time in nearly two weeks
Ethereum/USD – daily chart

As of this writing, Ethereum/USD is now approaching new resistance around $1,170, with the RSI also hovering around the upper bound.

Despite these gains, price strength is still somewhat weak and we probably won’t see any short-term rebound unless we see a big spike in the RSI.

However, in the event of a breakout, the likely target for the bulls is Ethereum Will be the $1,700 point, which now appears to be acting as resistance.

Can Ethereum $1,700 by the end of the month? Leave your thoughts in the comments below.

Elijah Danbell

Eliman brings an eclectic perspective to market analysis, having served as a brokerage director, retail trading educator and market commentator for cryptocurrencies, stocks and foreign exchange.




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