Bitcoin, Ethereum Technical Analysis: Ethereum Back Above $1,300 to Start the Week – Market Updates Bitcoin News

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ETH close to 3-week high to start the week.

/USD raced to an intraday high of $1,368.43 earlier today, which is marginally below its highest point since October 6.

Today’s move comes as the price ceiling of $1,330 was broken during yesterday’s session, giving way to bulls reentering the market.The RSI on ethereum also surged beyond a hurdle, moving past its own resistance of 50.30, and is tracking at 52.82 as of writing. This recent rise in bullish pressure has led to a shift in momentum, with the 10-day moving average now nearing a crossover with its 25-day counterpart.

Should this trend continue, then it is inevitable that ethereum will be trading above $1,400 in the coming days.Tags in this story

 

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I'm not sure ETH is going to 1,400. It's still in the dip to spend more USDT on.

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It's a good thing I bought some eth on bfx earlier

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