ЕТХ се враќа над 1,100 долари додека БТК накратко достигнува 20 илјади долари во вторник

БТК briefly rose back above $20,000 on Tuesday, as U.S. markets reopened following yesterday’s Independence Day holiday. Prices of ЕТХ also surged, climbing over its $1,100 resistance level. Overall, the crypto market cap is trading 0.63% higher.

Bitcoin

On Tuesday, bitcoin rallied back above $20,000, as traders returned from the U.S. Independence Day celebrations.

In what has been a highly volatile trading session, БТК/USD се искачи на интрадневен врв од 20,405.12 $ претходно во текот на денот.

However, these gains were not sustained, with prices since moving to a low of $19,438.48, as bulls likely liquidated their positions.

Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,100 as BTC Briefly Hits $20,000 on Tuesday — БТК/УСД – Дневен графикон

As of writing, prices are now trading at $19,447.73, which is roughly around 1.13% lower than today’s high.

Looking at the chart, the drop comes as prices approached a short-term resistance point of $20,500.

Overall, volatility continues to be high, with bearish pressure remaining present, and bears likely looking to take price below $19,000 in upcoming sessions.

Ethereum

ЕТХ was also trading through turbulence on Tuesday, as prices moved above and below $1,100 over the course of the day.

After trading below $1,100 for the past few days, ЕТХ/USD се искачи на врвот од 1,165.68 $ претходно на денешната сесија.

За разлика од БТК, the world’s second largest token was mainly able to stay above this point, following previous highs.

Although earlier gains have somewhat eased, ЕТХ is currently still trading above $1,100, with bulls looking to move past a key resistance level.

This ceiling is the $1,150 point, where some bulls exited, however with the 10-day moving average on the cusp of an upward cross with the 25-day MA, bullish sentiment remains.

Should this cross take place, the pressure will likely increase, sending prices not only above the resistance, but potentially over $1,200.

Дали очекувате ЕТХ to go on a bull run this week? Leave your thoughts in the comments below.

Елиман Дембел

Елиман носи еклектична гледна точка за анализа на пазарот, работејќи како директор на брокер, едукатор за трговија на мало и пазарен коментатор во Crypto, Stocks и FX.