ETH ריבאַונדז אויף פרייטאג, קליימינג העכער $ 1,700 - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July.

ביטקאָין

Ahead of the nonfarm payrolls report, bitcoin (בטק) was back in the green on Friday, as the token rebounded following recent declines.

נאָך אַ נידעריק פון $ 22,485.70 אין דאנערשטאג ס סעסיע, בטק/USD rallied to a peak of $23,354.13 earlier in the day.

The move came as bitcoin bulls helped prices bounce from a key support point of $22,600, after an earlier false breakout.

Despite today’s surge, בטק is down 2.30% in the last seven days, where prices moved lower in consecutive sessions.

This led the 14-day RSI (relative strength index) to move below its support point of 53, falling to a low of 50.95, which was also an interim floor.

As of writing, price strength has moved above this point, and is currently tracking at 56.80, with a ceiling of 61 waiting ahead.

עטהערעום

עטהערעום (עטה) also rebounded on Friday, as prices rallied above $1,700, wiping out declines from the previous two days of trading in the process.

As of writing, the world’s second-largest cryptocurrency moved to a peak of $1,708.98 in today’s session, as bulls reentered the market.

The move comes less than 24 hours after עטה was trading at a low of $1,585.33, following recent downward pressure.

עטה seems to have dealt with this pressure so far, with momentum now shifting, following today’s bullish engulfing pattern.

Should this trend continue, the next target for bulls will likely be a resistance level close to $1,800, which was last hit on July 28.

In order for this to occur, price strength will need to climb to a ceiling of its own at 66. As of writing, the RSI is tracking at 63.85.

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

Do you expect ethereum to reach $1,800 this weekend? 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.

בילד קרעדיץ: שוטטערסטאָקק, פּיקסאַבייַ, Wiki Commons