ЕТХ остаје изнад 1,200 долара, упркос растућој волатилности тржишта

ETH has managed to remain above the $1,200 level on Tuesday, despite an increase in price uncertainty in crypto markets. BTC fell below $21,000 in today’s session, as the global crypto market cap fell by as much as 2% earlier today.

Bitcoin

Following a marginally bearish start to the week, downward pressure intensified in today’s session, sending bitcoin slightly lower.

The world’s largest crypto token fell to an intraday low of $20,577 during Tuesday’s session, less than 24 hours after nearing $22,000.

Today’s decline comes following a rise of bearish sentiment, with traders seeing yesterday’s decision by bulls to secure gains as a sign of weakness.

As such, those looking for downward opportunities used that as a signal to re-enter the market, pushing prices marginally lower in the process.

One of the main catalysts for this change in sentiment is the 14-day RSI, which failed to break out of its key resistance level of 35.70 on Monday.

Што се тиче писања, BTC/USD is now trading at $21,011.48, however it’s still 1.03% lower than yesterday’s peak, and may not regain bullish momentum until this ceiling on the RSI is broken.

Ethereum

ETH managed to stay above $1,200 for the majority of today’s session, despite attempts from bears to send prices even lower.

Мада ETH/USD dropped to an intraday low of $1,170.23 earlier in Tuesday’s session, bulls were able to move prices away from this floor.

Што се тиче писања, ETH is now trading at $1,226.05, which is slightly lower than yesterday’s high of $1,228.88.

Recent momentum has seen ethereum climb by as much as 7% within the last seven days, and has led to the 10-day moving average showing signs of possible further gains.

Should this short-term momentum continue in this trajectory, we will inevitably see an upwards cross.

This could be the catalyst that sends prices of the world’s second largest cryptocurrency back above the $1,300 level.

Could July be a month for bulls to regain momentum in crypto markets? Leave your thoughts in the comments below.

Елиман Дамбелл

Елиман доноси еклектичну тачку гледишта на анализу тржишта, пошто је радио као директор брокера, едукатор за малопродају и коментатор тржишта у Црипто, Стоцкс и ФКС.