សាកលវិទ្យាល័យ ETH started the weekend trading below $2,000 as the price consolidation in crypto continued. Bitcoin is also trading lower during Saturday’s session, with the world’s largest cryptocurrency once again falling under $30,000.
Bitcoin
Following marginal gains above the $30,000 level during yesterday’s session, BTC អ once again fell below this point.
Friday saw BTC អ/USD trading at a high of 30,664.98, however these gains were short-lived, with prices falling to a bottom of $28,793.61 earlier today.
As of writing, prices are down 3.27% to start the weekend, with this decline coming as bulls were unable to sustain the price floor at $28,800.
The recent consolidation in bitcoin comes as a result of increased market uncertainty, following recent actions by the Federal Reserve, leading investors to move away from riskier assets.
This is encapsulated by the fact that BTC អ has only seen a marginal move in price over the past week, despite all the ups and downs.
Overall and as we speak, prices are down 0.25% from the same point last week, however sentiment seems to be more bearish as we head into the final week of May.
Ethereum
After briefly breaking back into the $2,000 level on Friday, ethereum once again slipped below this point.
To start the weekend, សាកលវិទ្យាល័យ ETH/USD has so far dropped to an intraday low of $1,926.68, which is slightly under its current support point.
Following a bounce above its resistance of $1,950 on Friday, the world’s second-largest crypto token fell below this point earlier today.
However, since reaching these lows, price strength has slightly risen, with សាកលវិទ្យាល័យ ETH now trading $20 above this price floor.
As of writing, the 14-day RSI is still tracking within oversold territory, which is below 30, and close to a resistance of 35.
Bulls will still be optimistic about a potential rebound, providing that we see a breakthrough of the ceiling with the indicator.
តើយើងនឹងឃើញទេ? សាកលវិទ្យាល័យ ETH end the weekend trading above $2,000? Leave your thoughts in the comments below.
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Source: https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-eth-back-below-2000-to-start-weekend/