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Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live – Market Updates Bitcoin News

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Shadowfork release sends ETH back above $1,200, BTC also gaining on Friday.

Today’s surge in price has seen ethereum climb to its highest point since June 9, and now it’s on the cusp of colliding with a key resistance point.was on its way down from $2,000. However, bulls may be looking to break this.

In addition to this, price strength is currently trending higher, with the 14-day RSI tracking at the 51.23 level, which is its highest point in over three months. The next ceiling for the RSI looks as if it could be around 55, and should momentum continue to climb,Register your email here to get weekly price analysis updates sent to your inbox:

 

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