ETH Remains Close to Support of $2,550 to Start the Weekend – Market Updates Bitcoin News - BitcoinEthereumNews.com
Ethereum was once again trading close to its support of $2,550 on Saturday, as crypto markets continue to consolidate. Following strong gains on Tuesday, BTC and ETH have both mainly traded sideways, as price uncertainty grips markets. Bitcoin Bitcoin is down just over 1% as of writing, as the worlds largest cryptocurrency continued to trade below $40,000 to start the weekend. On Saturday, BTC/USD has so far fallen to an intraday low of $38,432.93, following an earlier high of $39,510.69. Today‘s high is roughly $1,000 lower than yesterday’s peak, where we saw bitcoin hit a high of over $40,300 in the session. बीटीसी / यूएसडी - दैनिक चार्ट As of writing, the 14-day RSI is still tracking at 47, which is marginally below recent resistance of 48.12. Bulls appear to be waiting for a breakout of this level before truly re-entering, in a similar fashion to March 8, when news of U.S. President Joe Bidens executive order was anounced. We will likely continue to see consolidation until a significant amount of price strength enters the market, bullish or bearish. Ethereum Ethereum is trading close to its support of $2,550 to start the weekend, a position where it has remained during the last few sessions. Following a high of $2,631.49 on Friday,