Bitcoin
Bitcoin started the week with a price of around $26,000, and it has remained relatively stable in the past ten days after a surge above $30,000 earlier this month. However, it experienced a drop to a two-month low recently.
- Bitcoin’s price has been hovering around $26,000
- A drop to a two-month low occurred
- Price consolidation for the past ten days
- 14-day relative strength index (RSI) failed to break out of resistance level
- The RSI is currently tracking at 27.34
Ethereum
Ethereum’s price remained stable on Monday, with little change from the previous day. It reached a high of $1,665.14 and climbed above a support point of $1,650 after a recent drop.
- Ethereum’s price remained largely unchanged
- It climbed above a support point of $1,650
- RSI has been unable to move past a ceiling of 33.00
- If the level is breached, ethereum may move above $1,700
Hot Take
The crypto market has seen some consolidation and resistance levels in the past week. While bitcoin remains stable around $26,000, ethereum has the potential for a bullish resurgence if it breaks through the RSI ceiling of 33.00. It will be interesting to see how these cryptocurrencies perform in the coming days.
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