ETH back over $ 1100 as BTC hits $ 20K card on Tuesday – Market updates Bitcoin news
BTC briefly rose back over $ 20,000 on Tuesday, as US markets reopened after yesterday’s Independence Day holiday. ETH prices also rose, climbing above the $ 1100 resistance level. Overall, the market value for crypto is trading 0.63% higher.
Bitcoin
On Tuesday, bitcoin rose back above $ 20,000 as traders returned from the celebration of American Independence Day.
In what has been a highly volatile trading session, BTC / USD rose to an intraday high of $ 20,405.12 earlier in the day.
However, these gains were not maintained, with prices moving to a low of $ 19,438.48, as bulls likely liquidated their positions.
At the time of writing, prices are now trading at $ 19,447.73, which is about 1.13% lower than today’s high.
Looking at the chart, the fall comes when prices approached a short-term resistance of $ 20,500.
Overall, volatility continues to be high, with bearish pressure still present, and bears are likely to take the price below $ 19,000 in upcoming sessions.
Ethereum
ETH also traded through turbulence on Tuesday, with prices moving above and below $ 1100 during the day.
After trading below $ 1,100 in recent days, the ETH / USD rose to a high of $ 1,165.68 earlier in today’s session.
Unlike BTC, the world’s second largest token was mainly able to stay above this point, after previous peaks.
Although previous gains have slowed somewhat, ETH is currently trading above $ 1100, with bulls wanting to pass a major resistance level.
This ceiling is the $ 1,150 point, where some bulls went out, but with the 10-day moving average on the edge of an upward cross with the 25-day MA, a bullish sentiment remains.
Should this cross take place, the pressure is likely to increase, sending prices not only above the resistance, but potentially above $ 1200.
Do you expect ETH to go beef running this week? Leave your thoughts in the comments below.
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