Ethereum was trading higher on Friday, as cryptocurrency markets continued to rebound, following yesterday’s U.S. inflation report. The better-than-expected 7.7% CPI (consumer price index) figure for October boosted prices, following recent bearish sentiment. Bitcoin briefly climbed back above the $18,000 level on Friday.
Bitcoin
bitcoin (BTC អ) moved higher on Friday, as the token rebounded following a recent spell of relatively large sell-offs.
បន្ទាប់ពីតម្លៃទាប 16,290.27 ដុល្លារកាលពីថ្ងៃព្រហស្បតិ៍។ BTC អ/USD បានកើនឡើងដល់កម្រិតខ្ពស់បំផុតនៅថ្ងៃនេះនៃ $18,054.31 នៅមុនថ្ងៃ។
The move came as the world’s largest cryptocurrency continued to move away from a key support point of $15,800.
As can be seen from the chart, this surge occurred as the 14-day relative strength index (RSI) also rebounded from a recent six-month low.
បច្ចុប្បន្ន, BTC អ is trading at $17,339.58, with the index tracking at 36.89, which is below a long-term resistance point of 39.00.
តាមលំដាប់លំដោយ។ BTC អ/USD to continue this current momentum, the RSI ceiling will first need to be broken.
Ethereum
Ethereum (សាកលវិទ្យាល័យ ETH) rose by as much as 8% in today’s session, as the token briefly recaptured the $1,300 level.
Soon after the U.S. inflation report was released, សាកលវិទ្យាល័យ ETH/USD rose to a peak of $1,341.79, moving away from earlier lows of $1,199.24.
The token continues to trade above yesterday’s bottom, and as of writing is residing at the $1,272.95 mark.
Looking at the chart, the 10-day (red) moving average (MA) looks to be on the cusp of a downward cross with the 25-day (blue) MA.
Typically, such a move signals the beginning of a downward trend, which could mean that we have not yet reached a bottom.
Should this be the case, bears will likely be targeting a breakout below $1,000, after failing to move beyond this point earlier in the week.
ចុះឈ្មោះអ៊ីមែលរបស់អ្នកនៅទីនេះ ដើម្បីទទួលបានព័ត៌មានថ្មីៗនៃការវិភាគតម្លៃប្រចាំសប្តាហ៍ដែលបានផ្ញើទៅកាន់ប្រអប់សំបុត្ររបស់អ្នក៖
Could ethereum slip below $1,000 in the coming days? 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-moves-higher-as-markets-continue-to-react-to-us-inflation-report/