Bitcoin, Ethereum: ETH returns above $1800, while BTC remains close to recent highs

Prior to the release of important weekly economic data in the United States, Ethereum once again rose above $1800 on Monday. In the coming days, consumer confidence and non farm employment data will be released before the Federal Reserve policy meeting


Prior to the release of important weekly economic data in the United States, Ethereum once again rose above $1800 on Monday. In the coming days, consumer confidence and non farm employment data will be released before the Federal Reserve policy meeting. Bitcoin continues to trade around $35000.

Bitcoin

Bitcoin 35,000

After falling to a low of $34173.38 on Sunday, BTC/USD hit a peak of $34743.26 earlier this week.

Bitcoin 18 35,157 10 25


Since hitting a low of $33400 last Friday, the BTC has continued to rise, after the Relative Strength Index (RSI) remained stable at 79.00.

As of the time of writing, the index is currently at 82.52 points, still significantly above the overbought level.

If prices continue to rise now, the price intensity is likely to approach the upper limit of 87.00.

Ethereum

Ethereum ( ETH ) 1,800

After hitting a low of $1779.36 on Sunday, ETH/USD rose to a high of $1827.13 earlier today.

Due to this move, the world's second largest cryptocurrency has reached its highest point since last Thursday.


From the chart, it seems that the rebound occurred when the RSI approached its long-term resistance level of 75.00.

72.20Ethereum 1,817

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