Ethereum was as soon as once more buying and selling above $1,300, as cryptocurrency costs rose to start out the weekend. Markets had been again within the inexperienced on Saturday following a unstable week, which got here because the U.S. greenback continued to strengthen. Bitcoin additionally surged larger, transferring again above $19,000.
Bitcoin (BTC) rose again above $19,000 on Saturday, as cryptocurrency markets climbed larger to start out the weekend.
Earlier in right this moment’s session BTC/USD rallied to an intraday excessive of $19,237.39, which comes lower than a day after hitting a low of $18,770.97.
In the present day’s peak sees the token transfer away from its latest help level of $18,900, following a false breakout in yesterday’s session.
Wanting on the chart, the rebound in worth has additionally pushed the 14-day relative energy index (RSI) larger, and it’s now transferring in direction of a resistance level of its personal.
As of writing, the index is monitoring on the 46.35 level, which is marginally under a resistance stage of 48.00.
Ought to we see this ceiling damaged, then BTC bulls could possibly be one step nearer to recapturing the $20,000 mark.
Ethereum was additionally buying and selling larger to start out the weekend, because the token surged following a turbulent week of buying and selling.
Following a transfer to a low of $1,260.67 on Friday, ETH/USD was again above $1,300 on Saturday, hitting a peak of $1,306.71 within the course of.
Like with bitcoin above, right this moment’s surge noticed ethereum bounce from a key help of $1,270, and it’s now heading in the right direction to hit a resistance stage.
The aforementioned ceiling is the $1,330 level, which hasn’t been hit since Tuesday, when bearish strain moved the worth under this level.
Bullish sentiment appears to be returning, nonetheless, with the RSI now monitoring at 45.90, which is marginally under a ceiling of 46.00.
If momentum stays upward-focused we are going to doubtless see this level damaged this weekend, and the token as soon as once more above $1,330.
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