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.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.
