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 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.
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 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.
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.
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