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Showing posts with the label key support

Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,300 to Start the Weekend

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Ethereum was once again trading above $1,300, as cryptocurrency prices rose to start the weekend. Markets were back in the green on Saturday following a volatile week, which came as the U.S. dollar continued to strengthen. Bitcoin also surged higher , moving back above $19,000. Bitcoin Bitcoin (BTC) rose back above $19,000 on Saturday, as cryptocurrency markets climbed higher to start the weekend. Earlier in today’s session BTC/USD rallied to an intraday high of $19,237.39, which comes less than a day after hitting a low of $18,770.97. Today’s peak sees the token move away from its recent support point of $18,900, following a false breakout in yesterday’s session. BTC/USD – Daily Chart Looking at the chart, the rebound in price has also pushed the 14-day relative strength index (RSI) higher, and it’s now moving towards a resistance point of its own. As of writing, the index is tracking at the 46.35 point, which is marginally below a resistance ...

Ethereum Price Prediction for Today, October 21: ETH/USD Could Fall Below $1200 Support

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The Ethereum price prediction is approaching a crucial support level which could take the second digital asset to the downside. Ethereum (ETH) Statistics Data: Ethereum price now – $1265.43 Ethereum market cap – $157.1 billion Ethereum circulating supply – 122.3 million Ethereum total supply – 122.3 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $1600, $1700, $1800 Support levels: $1000, $900, $800 As the daily reveals, ETH/USD is trading down by 1.36% at its current price of $1,265, which marks a notable decline from its daily highs of $1,292 that was set today when the bulls attempted a slightly positive move. Meanwhile, in the past few days, the Ethereum price has been able to find the support at $1,254 level, as revisiting this level may increase the bearish movement. Ethereum Price Prediction: ETH Not Yet Ready for the Upside According to the daily chart, the Ethereum price is heading to the dow...