THELOGICALINDIAN - Following a weekend which saw bitcoin trading mainly in the red prices rebounded to alpha the anniversary BTC was already afresh aloft 30000 on Monday while ETH climbed by over 5
Bitcoin
The world’s better cryptocurrency was trading college on Monday, as prices already afresh rose aloft the $30,000 level.
Following a low of $29,574.45 on Sunday, BTC/USD rallied to a aiguille of $31,342.18 beforehand in today’s session.
This move comes afterwards the acting abutment akin of $29,500 captivated close over the weekend, with beasts application this as a point of re-entry.
Looking at the chart, prices accept gone from this concise support, to now breaking out of attrition at $30,600.
Overall, BTC is now trading at a six-day high, with abounding now acquisitive to see prices ascend aloft the abutting hurdle, which is the $32,500 point.
As of writing, the 14-day RSI is trading at its accomplished akin back April 6, which is additionally a attrition point, and unless broken, we may see today’s assets affluence as the anniversary progresses.
Ethereum
ETH additionally rebounded to alpha the week. However, prices abide to barter beneath $2,000 afterward aftermost week’s sell-off.
Last anniversary saw ETH/USD abatement beneath $2,000, hitting a low of $1,742 in the process, but it has back strung calm back-to-back sessions of gains.
As of writing, ETH has risen to an intraday aiguille of $1,903.99, which comes afterward a basal of $1,777.13 the day prior.
The move comes as the 14-day RSI has hardly burst out of its contempo beam at 43.70, and is trading at 44.30 as of writing.
Should amount backbone abide to increase, again we will acceptable see beasts authoritative a run for the abutting attrition point at $1,950.
Although it has not yet occurred, the abeyant for an upwards cantankerous of affective averages still exists, and this could be the agitator that takes prices aback aloft $2,000.
Do you apprehend ETH to ascend aback aloft $2,000 this week? Leave your thoughts in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
