Bitcoin, Ethereum Technical Analysis: ETH Above $1,330, Consolidating Recent Gains – Market Updates Bitcoin News

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ETH above $1,330, as cryptocurrency prices consolidate.

) continued to trade close to the $17,200 level in today’s session, as traders moved to secure Monday’s gains.However, earlier gains have since diminished, with the world’s largest cryptocurrency currently trading at $17,271.27.Looking at the chart, today’s price consolidation came as the 14-day relative strength index continued to hover close to a key resistance at the 60.00 mark.

Despite the index currently tracking above this point at 60.89, price uncertainty has heightened, leading to previous bulls abandoning positions. Traders may once again attempt to move beyond a price ceiling at $17,400, however this may come later in the week following the release of U.S. inflation data.

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Bitcoin, Ethereum Technical Analysis: BTC Climbs Back Above $17K, Hitting 3-Week High – Market Updates Bitcoin NewsBitcoin rose to a three-week high on Jan. 9, as prices surged beyond the $17,000 mark to start the week. Ethereum moved above $1,300. Rocket on! 🚀 Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals! 🌙🌙🌙
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