ETH remains above $1,700, as bulls target $1,800.
/USD rose to a high of $21,613.86 earlier in today’s session, however prices then fell to an intraday low of $20,651.06.
The decline came as the token was unable to sustain a breakout of its resistance point of $21,600, as bears fought against the move.Looking at the chart, the drop comes as the 14-day relative strength index appeared to collide with a resistance level of its own at 55.40. As of writing, bitcoin is now trading at $21,356.34 as momentum slowly returns, however until the RSI moves past the aforementioned ceiling, we might not see any further substantial gains.
In addition to this, the 10-day moving average is now on the cusp of a cross with its 25-day counterpart. This could be another catalyst for further gains in price.) was mostly higher to start the weekend, as the token surged past a resistance level of its own. Saturday saw the world’s second largest token climb to a peak of $1,739.43. This came as prices moved past a $1,700 ceiling.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum (ETH) Almost Reaches New All-Time HighAhead of Merge update, Ethereum is showing strength on market and even reaching ATH zone against Bitcoin
Read more »
Will Ethereum keep rallying versus Bitcoin? ETH price technicals hint at 60% gains aheadEther is making gains against Bitcoin, but will it last? A classic technical pattern suggests that ETH fans have reason to be bullish.
Read more »
Bitcoin Price Outlook for September – Market Updates Bitcoin NewsAlmost ten days into September, market volume in bitcoin has started rising, as traders return to action following the summer break.
Read more »
Biggest Movers: ATOM Hits 4-Month High, NEAR up 10% on Thursday – Market Updates Bitcoin NewsCosmos moved to a four-month high in today’s session, as crypto markets rebounded following Wednesday’s sell-off.
Read more »
Bitcoin Reclaims $20,000, Ethereum Price Soars Above $1.7K (Market Watch)The crypto market cap is north of $1 trillion once more, as BTC and ETH charted multi-week highs.
Read more »