ETH stays near $ 1,700 to start the weekend - market tactualizations

Ethereum continued to act on Saturday after the US report of the Non-Farm Payerolls (NFP) from Friday near an important resistance brand of $ 1,700. Yesterday's report showed that 517,000 jobs were created in the US economy in January, more than the 185,000 that many had expected. However, Bitcoin consolidated mostly when traders moved to take the latest profits with them.

Bitcoin

bitcoin ( Bitcoin ) moved down at the beginning of the weekend, since retailers continued to win after a recent increase to a six-month increase achieved.

after a high of 23,678.10 $ on Friday Bitcoin /USD on Saturday fell on an intraday-deep of 23,279.96 $

Today's decline drops Bitcoin the third day in a row and follows the high from Thursday of $ 24,262, that was Bitcoin ’S At the beginning of August last year.

id = "caption-attachment-572262" Class = "wp-caption-text"> Bitcoin /USD- Tatshart

As a result of the latest declines, the 14-day relative strength index (RSI) from Bitcoin is now 68.41.

This is slightly above a support point at 68.00, a level that has not been broken since January 11th.

If this lower limit does not last during today's session, the declining mood will probably continue to rise and the prices are under $ 23,000.

ether

on the other hand, Ethereum ( eth ) climbed slightly on Saturday and remained close to a level of resistance of $ 1,700.

ETH /USD at the beginning of the weekend a high of $ 1,670.70, as the second largest cryptocurrency of the world from Friday $ 1,634.49.

After an increase to $ 1,714 on Thursday, what the strongest point for War ETH The prices have been consolidated since September.

If you look at the chart, the climb on Saturday has driven the RSI closer to its own resistance at 68.00, with the index currently being 64.35.

ETH will probably reach the brand of $ 1,700, the price strength should reach this upper limit again.

The sliding 10-day average (red) seems to be upwards, which could be a positive sign for bulls, expect the upcoming climbs.

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could we see Ethereum over $ 1,700 this weekend? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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