Bitcoin, Ethereum Technical Analysis: ETH Hits $2,000 Following Shapella Upgrade – Market Updates Bitcoin News

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ETH climbs above $2,000 following Shapella Upgrade.

) continued to trade above the $30,000 mark on Thursday, as crypto markets remained buoyed by the latest U.S. inflation report, which fell to 5%./USD rose to an intraday peak of $30,462.48 earlier in the day.

This move sees bitcoin remain near a ten-month high of $30,584, which it hit during Tuesday’s trading session.Looking at the chart, today’s slight rise in price comes as the 14-day relative strength index bounced from its floor at 68.00 At the time of writing, the index is now tracking at 69.73, with the next visible point of resistance at 71.50.

Should the index move beyond this point, there is a good chance that ethereum will move past $30,500.

 

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