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 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 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.

Image Source: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for reference only. It is not a direct offer or an invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused or related to the use of or reliance on any content, goods or services mentioned herein.

Source link