BTC អ briefly rose back above $20,000 on Tuesday, as U.S. markets reopened following yesterday’s Independence Day holiday. Prices of សាកលវិទ្យាល័យ ETH also surged, climbing over its $1,100 resistance level. Overall, the crypto market cap is trading 0.63% higher.
Bitcoin
On Tuesday, bitcoin rallied back above $20,000, as traders returned from the U.S. Independence Day celebrations.
In what has been a highly volatile trading session, BTC អ/USD បានកើនឡើងដល់កម្រិតខ្ពស់បំផុតនៅថ្ងៃនេះនៃ $20,405.12 នៅមុនថ្ងៃ។
However, these gains were not sustained, with prices since moving to a low of $19,438.48, as bulls likely liquidated their positions.
As of writing, prices are now trading at $19,447.73, which is roughly around 1.13% lower than today’s high.
Looking at the chart, the drop comes as prices approached a short-term resistance point of $20,500.
Overall, volatility continues to be high, with bearish pressure remaining present, and bears likely looking to take price below $19,000 in upcoming sessions.
Ethereum
សាកលវិទ្យាល័យ ETH was also trading through turbulence on Tuesday, as prices moved above and below $1,100 over the course of the day.
After trading below $1,100 for the past few days, សាកលវិទ្យាល័យ ETH/USD បានកើនឡើងដល់កម្រិតខ្ពស់បំផុតនៃ $1,165.68 មុនក្នុងវគ្គជួញដូរថ្ងៃនេះ។
មិនដូច BTC អ, the world’s second largest token was mainly able to stay above this point, following previous highs.
Although earlier gains have somewhat eased, សាកលវិទ្យាល័យ ETH is currently still trading above $1,100, with bulls looking to move past a key resistance level.
This ceiling is the $1,150 point, where some bulls exited, however with the 10-day moving average on the cusp of an upward cross with the 25-day MA, bullish sentiment remains.
Should this cross take place, the pressure will likely increase, sending prices not only above the resistance, but potentially over $1,200.
តើអ្នករំពឹងទេ? សាកលវិទ្យាល័យ ETH to go on a bull run this week? Leave your thoughts in the comments below.
សេវាឥណទានរូបភាព: Shutterstock, Pixabay, វិគីភីឌា
ការមិនទទួលខុសត្រូវ៖ អត្ថបទនេះគឺសម្រាប់គោលបំណងព័ត៌មានប៉ុណ្ណោះ។ វាមិនមែនជាការផ្តល់ជូនដោយផ្ទាល់ឬការស្នើសុំពីការទិញឬលក់ឬការផ្តល់អនុសាសន៍ឬការយល់ព្រមលើផលិតផលសេវាកម្មឬក្រុមហ៊ុនណាមួយឡើយ។ Bitcoin.com មិនផ្តល់ដំបូន្មានការវិនិយោគពន្ធច្បាប់ឬគណនេយ្យ។ ទាំងក្រុមហ៊ុនឬអ្នកនិពន្ធមិនទទួលខុសត្រូវដោយផ្ទាល់ឬដោយប្រយោលចំពោះការខូចខាតឬការបាត់បង់ណាមួយដែលបណ្តាលមកពីការចោទប្រកាន់ឬបណ្តាលមកពីការប្រើប្រាស់ឬពឹងផ្អែកលើការប្រើប្រាស់ទំនិញឬសេវាកម្មណាមួយដែលបានលើកឡើងនៅក្នុងអត្ថបទនេះ។
Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-eth-back-above-1100-as-btc-briefly-hits-20k-on-tuesday/