Bitcoin, Ethereum Technical Analysis: ETH up Nearly 10%, Crypto Markets Rally

in #btc • 3 years ago

Following two consecutive sessions of declines, cryptocurrencies rebounded on Friday, as markets prepared for the first non-farm payrolls of the year. ETH was up 8% as of writing, with the crypto market cap 4.4% higher.
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Ethereum
ETH was once again higher on Friday, with prices of the world’s second largest cryptocurrency moving closer towards the $3,000 level.

ETH/USD is currently up around 8% in today’s session, after hitting an intraday high of $2,855.75 earlier.

The move saw ethereum briefly rally beyond resistance of $2,844.00, before giving back some of these gains, likely as a result of profit takers closing their positions.

Heading into the weekend, the 14-day RSI is trading above resistance of 44, and if there are more bulls added to this run, we could see multi-week highs for ETH.

#eth #tachnical #analysis #steemit #crypto
3 years ago in #btc by
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