Bitcoin, Ethereum Technical Analysis: ETH Recaptures Fresh 1-Month High – Market Updates Bitcoin News

Ethereum climbed to an intraday high of $3,067.99 during today’s session, which is the highest point it has traded since February 17.

This five-week high comes as the 14-day RSI saw its ceiling of 59.73 broken for the first time since February 9.Looking at the chart, should this bullish strength persist, we could be looking at $3,260 as the next point bulls look towards, in terms of taking profits. However, with prices currently overbought, relatively speaking, there could be some bears looking at this as an opportune time to enter the market.

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