Bitcoin, Ethereum Technical Analysis: ETH Above $1,600 as 'Bellatrix' Hard Fork Commences – Bitcoin News

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Bitcoin, Ethereum Technical Analysis: ETH Above $1,600 as 'Bellatrix' Hard Fork Commences – Bitcoin News
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ETH surges above $1,600, as Vitalik tweets about Bellatrix hard fork.

) briefly rose above $20,000 on Tuesday, as the token marginally increased in price following recent lows./USD surged to a peak of $20,155.27 earlier in today’s session.

Today’s move once again saw bitcoin fail to break out of its short term ceiling at $20,230, which has been in place since August 26.Looking at the chart, it appears that another resistance point has been in place during this period, with the 14-day relative strength index also failing to break out of its ceiling.

As of writing, the RSI is tracking at 37.54, which is marginally below the aforementioned resistance point of 38.00.make a run towards $21,000.

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