Bitcoin, Ethereum Technical Analysis: Ethereum Surges 10% to Start February
Cryptocurrencies traded higher to start the month of February, as markets look to forget January’s red wave. ETH is trading close to 10% higher as of writing, with bitcoin gaining almost 4% today. Bitcoin Bitcoin, which fell by as much as $16,000 last month, has recently started to regain some steam, climbing by over 11% in the last week. This momentum continued into February, with BTC/USD hitting an intraday high of $39,026.79, its highest level since January 21st. Today’s move saw its 14-day RSI climb above the resistance level of 40, and is currently racking at 41, which....
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Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved beyond $40,000, with ethereum climbing over the $3,000 mark.
Bitcoin
Cryptocurrencies were higher to start the weekend, as markets appear to have moved past recent bearish sentiment.
The world’s largest cryptocurrency bitcoin (BTC), became even more valuable on Saturday, as it broke out of its $40,000 resistance level.
BTC/USD hit an intraday high of $41,729.43 during Saturday’s session, as markets....
Following a weekend which saw bitcoin trading mainly in the red, prices rebounded to start the week. BTC was once again above $30,000 on Monday, while ETH climbed by over 5%. Bitcoin The world’s largest cryptocurrency was trading higher on Monday, as prices once again rose above the $30,000 level. Following a low of $29,574.45 on Sunday, BTC/USD rallied to a peak of $31,342.18 earlier in today’s session. This move comes after the interim support level of $29,500 held firm over the weekend, with bulls using this as a point of re-entry. Looking at the chart, prices have gone....
Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much as 1.13% as of writing. This decline saw prices hit an intraday low of $38,271.44, following a high of $39,115.13 during Tuesday’s market session, which raised hopes for those targeting $40,000. Today’s move saw BTC’s 14-day RSI once again drop below the resistance level of....
Solana was trading close to 15% higher on Tuesday, as crypto markets were mostly in the green to start February. This comes as markets look set to move past January’s red wave.
Biggest gainers
Cryptocurrency markets were mostly bullish during Tuesday’s session, with several projects seeing their value rise to start the new month.
One of these was solana (SOL), which, as of writing is up 14.04%, hitting an intraday high of $108.32 in the process.
This move comes as SOL/USD broke out of its resistance level of $100 for the first time since....
BTC was marginally lower to start the weekend, as crypto prices consolidated following recent gains. After surges in price on Friday, both ETH and bitcoin were slightly lower, as bulls appeared to have liquidated positions in order to secure profits. Bitcoin Bitcoin was trading lower to start the weekend, as markets consolidated following Friday’s surge in price. Following a peak of $21,138.24 in yesterday’s session, BTC/USD slipped to an intraday low of $20,518.90 earlier today. This drop comes as yesterday’s momentum slightly eased, and bears reentered the market....