ETH העאַדס צו $ 1,200 ברייקאַוט אויף שבת - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

Ethereum was once again nearing a breakout of its $1,200 level, as bearish sentiment returned to start the weekend. Following price rebounds on Friday, cryptocurrency markets were back in the red, and are trading 0.68% lower as of writing. Bitcoin also slipped in today’s session.

ביטקאָין

ביטקאָין (בטק) was once again trading lower to start the weekend, as the token moved back towards a recent price floor.

בטק/USD fell to an intraday low of $16,564.61 in today’s session, which comes less than a day after hitting a high of $16,795.20.

דער מאַך זעט בטק move closer to this week’s support point of $16,000, which has been in place since the FTX collapse.

Looking at the chart, today’s drop in price comes as a hurdle was hit on the 14-day relative strength index (RSI).

This wall of 38.00 on the indicator has seemingly prevented bulls from recapturing the $17,000 mark, and in turn opened the door to a bearish reentry.

Should Saturday’s bearish momentum continue to intensify throughout the course of the weekend, בטק will likely edge closer to $16,000.

עטהערעום

אין דערצו צו בטק, עטהערעום (עטה) also stumbled lower on Saturday, with prices nearing a breakout of the $1,200 level.

Following a high of $1,222.20 on Friday, the world’s second largest cryptocurrency dropped to a low of $1,200.48 earlier today.

דער מאַך געקומען ווי עטה/USD fell below a recent ceiling of resistance at $1,220, with bulls now fighting to reject any further declines.

אין שרייבן, עטה is trading at $1,209.44, as traders have so far rejected a drop below $1,200.

This is due to two things, first the 10-day (red) moving average has begun to trend upwards, which has brought back a level of bullish sentiment to the token.

In addition to this, the 14-day relative strength index (RSI) continues to track above a key floor of 37.75, which appears to be a major reason why we haven’t seen any further significant sell-offs.

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

Could we see ethereum fall below $1,200 this weekend? 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.