בטק, ETH מאַרדזשאַנאַלי העכער ווי וסד וויקאַנז אויף מאנטאג - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

Following a red start to October, crypto prices moved marginally higher during Monday’s session. After a brief stint below $19,000 on Sunday, bitcoin rose back above this point, as the U.S. dollar began to weaken against other G7 currencies. Ethereum was also in the green, momentarily moving above $1,300.

ביטקאָין

ביטקאָין (בטק) was trading marginally higher on Monday, as crypto prices reacted to a weaker U.S. dollar.

Following last week’s rally in USD, the currency eased to start the month, giving way to the return of bitcoin bulls.

בטק/USD rose to an intraday high of $19,312.48 in today’s session, less than 24 hours after trading at a floor of $18,970.62.

Looking at the chart, the move saw the token marginally rise above its resistance point at the $19,300 level, which has historically been an area of uncertainty.

As of writing, the turbulence has somewhat returned, with בטק טריידינג ביי $ 19,208.10.

Today’s rally also coincided with the 14-day relative strength index (RSI) bouncing off a key floor of 43.00. Should this ascent continue, we could see prices move closer to $20,000.

עטהערעום

עטהערעום (עטה) also shook off signs of a red October, as the token rebounded following four consecutive bearish sessions.

After a low of $1,271.15 on Sunday, the world’s second largest cryptocurrency raced to a high of $1,308.90 to start the week.

די מאַך געזען עטה/USD move towards its recent resistance level of $1,315, which has largely been in place since mid-September

Like with bitcoin, ethereum’s 14-day RSI has bounced from a point of support at 36.60, and appears to be heading towards resistance of 41.50

Should this take place, we will likely see the token move towards a higher ceiling of $1,385, before potentially climbing back above $1,400.

The 10-day (red) moving average also seems to have shifted course, which bulls will likely view as a positive sign.

פאַרשרייַבן דיין E- בריוו דאָ צו באַקומען וויקלי דערהייַנטיקונגען פון פּרייַז אַנאַליסיס געשיקט צו דיין ינבאָקס:

Do you expect a strong rebound in ethereum during October? Leave your thoughts in the comments below.

אלימאן דאמבעל

עלימאַן ברענגט אַן יקלעקטיק פונט פון מיינונג צו מאַרק אַנאַליסיס, ער איז געווען פריער אַ בראָוקערידזש דירעקטאָר און רעטאַיל טריידינג עדזשאַקייטער. דערווייַל, ער אקטן ווי אַ קאָמענטאַטאָר אין פאַרשידן אַסעץ קלאסן, אַרייַנגערעכנט קריפּטאָ, סטאַקס און פקס.

בילד קרעדיץ: שוטטערסטאָקק, פּיקסאַבייַ, Wiki Commons