ETH צוריק העכער $ 1,100 ווי בטק בעקיצער היץ $ 20K אויף דינסטאג - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

בטק briefly rose back above $20,000 on Tuesday, as U.S. markets reopened following yesterday’s Independence Day holiday. Prices of עטה also surged, climbing over its $1,100 resistance level. Overall, the crypto market cap is trading 0.63% higher.

ביטקאָין

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, בטק/ וסד רויז צו אַ ינטראַדיי שפּיץ פון $ 20,405.12 פריער אין דעם טאָג.

However, these gains were not sustained, with prices since moving to a low of $19,438.48, as bulls likely liquidated their positions.

Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,100 as BTC Briefly Hits $20,000 on Tuesday — בטק/ וסד - טעגלעך טשאַרט

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.

עטהערעום

עטה 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, עטה/ וסד רויז צו אַ שפּיץ פון $ 1,165.68 פריער אין הייַנט ס סעסיע.

ניט ענלעך בטק, the world’s second largest token was mainly able to stay above this point, following previous highs.

Although earlier gains have somewhat eased, עטה 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.

צי איר דערוואַרטן עטה to go on a bull run this week? Leave your thoughts in the comments below.

אלימאן דאמבעל

עלימאַן ברענגט אַ יקלעקטיק פונט פון מיינונג צו מאַרק אַנאַליסיס, ווייל געארבעט ווי אַ בראָוקערידזש דירעקטאָר, רעטאַיל טריידינג עדזשאַקייטער און מאַרק קאָמענטאַטאָר אין קריפּטאָ, סטאַקס און פקס.