Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain in the Red, to Start the Weekend – Market Updates Bitcoin News

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ETH BTC set for worst month since January, as traders hopeful for price reversal in May.

The current uncertainty surrounding next week’s Federal Reserve meeting has seen prices consolidate for most of the week, with Saturday being no different.) was once again in the red during today’s session, as prices continued to trade below the key $40,000 level.

The world’s largest cryptocurrency dropped to a low of $38,235.54 to start the weekend, following a peak of $39,263.60 on Friday. Saturday’s fall has seen the price continue to slowly approach the long-term support level of $37,570, which is a point that hasn’t been reached since March 13.

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