ETH fell by 14 % this week - market tactualizations

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After a volatile trade week, uncertainty continued on the cryptocurrency markets on Friday. Overall, the global crypto market capitalization was almost 2 % lower during the session. Bitcoin The volatility of Thursday stretched to today's session, with Bitcoin prices continued to consolidate near their latest level of support of $ 35,600.00. Bitcoin/USD fell to an intra-raday low of $ 35,629.28 on Friday after it had reached a high of $ 37,423.99 at the beginning of the session. The movement comes, since Bitcoin is apparently traded within a range of support ($ 35,600.00) and resistance ($ 38,510.00) ...

ETH fell by 14 % this week - market tactualizations

After a volatile trade week, uncertainty continued on the cryptocurrency markets on Friday. Overall, the global crypto market capitalization was almost 2 % lower during the session.

Bitcoin

The volatility of Thursday extended to today's session, with Bitcoin prices continued to consolidate near their latest level of support of $ 35,600.00.

Bitcoin /USD fell to an intra-raday low of $ 35,629.28 on Friday after it had reached a high of $ 37,423.99 at the beginning of the session.

The movement comes, since Bitcoin is apparently traded within a range of support ($ 35,600.00) and resistance ($ 38,510.00), i.e. consolidated.

When we see a tendency to increase or declining market, the courses usually begin to move when early market participants get out and take profits with them, while later market participants try to benefit from the latest trend through longing or shorting.

If this happens, the prices tend to act sideways because the markets have no clear direction, which seems to be the case with the shares Bitcoin this week.

The Friday chart shows that the RSI has risen slightly over 30 and moves at 32, but bulls still seem to hesitate to get back into the market.

Bitcoin /USD – Tageschart

It is possible that you will move this weekend.

ether

ETH Has been traded by over 14 % lower in the last seven days and was over 3 % in the minus at the time of editing and reached an intraday low of $ 2,328.45.

On Fridays, decline ETH /USD falls for the second time in a row, since it will continue to be $ 2,400.

If you look at the diagram below, the price movement is still weak or oversized and moves at the 14-day RSI at 26, while the short-term momentum continues to indicate further weakness.

ETH /USD – Tageschart

Although the moving average of 10/25 days seem to have exhausted the declining mood on the daily chart, the courses do not seem to be ready for an immediate relaxation.

Could this consolidation strip still stop for some time? Leave your thoughts in the comments below.

eliman@bitcoin.com'

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, retail and market commentator trainer in the areas of crypto, stocks and foreign exchange.




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