Bitcoin, Ethereum Technical Analysis: Ethereum Back Above $1,300 to Start the Weekend
Ethereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the week, with the market cap trading 1.56% high as of writing. Bitcoin was also in the green in today’s session. Bitcoin Bitcoin (BTC) was trading close to a key resistance level on Monday, as bullish momentum seemingly returned to crypto markets. Following a low of $19,124.20 on Sunday, BTC/USD surged to a peak of $19,646.65 earlier in today’s session. This move saw the token briefly move past its ceiling of $19,600, however, as the day progressed, fell back below this point. BTC/USD – Daily Chart As of writing this, BTC/USD is currently trading at $19,426.71, which comes as the 14-day relative strength index (RSI) collided with a resistance point of its own. The index is currently tracking at 50.25, which comes after price strength failed to move past a ceiling of 52.00. B...