ETH approaches $ 1,500, after strong weekend gains – Markets and prices Bitcoin news
Ethereum was once again higher on Monday, as the price of the token moved to $ 1500 after recent gains. Bitcoin was also in the green, as prices climbed close to a one-month high, after rising above $ 22,000 to start the week.
Bitcoin
Bitcoin (BTC) was in the green to start the week, as the weekend’s bullish momentum continued in today’s session, sending prices above $ 22,000.
After Sunday’s low of $ 20,778.18, BTC / USD rose to an intraday high of $ 22,430.62 earlier today.
The move has seen bitcoin cards break out of a key resistance level for the second time in less than ten days, but it is still uncertain whether the rise will be maintained this time.
This $ 22,300 resistance has been one of the main stumbling blocks for inflation, with bears usually re-entering at that time.
As the chart shows, this has already happened with a bullish pressure that has become bearish, as traders leave previous positions and choose to secure gains instead.
This also coincides with the 14-day RSI hitting a 55 ceiling, which is the highest point in over three months.
Ethereum
Ethereum (ETH) was the big winner of the top two tokens on Monday, as it also plummeted to a one-month high, but climbed by almost 10% in the process.
Ethereum started the week with a high of $ 1,493.23 on Monday, the highest point since June 12.
This peak comes after six consecutive days with higher altitudes, and pushes ETH past several important price obstacles in the process.
The last of these was the $ 1300 resistance that was broken on Saturday, thus opening the floodgates to an attack by bulls.
Like bitcoin, the 14-day RSI indicator now tracks a three-month high above 65, which has previously been a moment of uncertainty.
Although it is very close, prices have not yet reached the 1500 dollar point, and it seems that this is the point the bulls are aiming for.
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Will ether reach $ 1500 by the end of the day? Leave your thoughts in the comments below.
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