Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 on Easter Weekend

Bitcoin was backmost supra $28,000 connected Saturday, arsenic markets continued to respond to the latest nonfarm payrolls (NFP) report. Figures released connected Friday showed that 236,000 jobs were added to the U.S. system past month. Ethereum was besides backmost successful the greenish to commencement the weekend.

Bitcoin

Bitcoin (BTC) surged backmost supra the $28,000 level connected Saturday, arsenic markets continued to respond to the latest NFP report.

Payrolls came successful astatine 236,000, which was marginally little than the 240,000 sum galore were anticipating.

BTC/USD roseate to an intraday precocious of $28,159.86 earlier successful today’s session, little than 24 hours aft trading astatine a debased of $27,824.15.

BTC/USD – Daily Chart

Looking astatine the chart, it appears that the summation successful terms comes arsenic the comparative spot scale (RSI) bounced from its level astatine 58.00

As of writing, the scale is tracking astatine 59.07, which has helped hold an inevitable downwards transverse with the 10-day (red) moving mean and its 25-day (blue) counterpart.

BTC is trading astatine $28,024.28 astatine the clip of writing.

Ethereum

Ethereum (ETH) started today’s league successful the green, arsenic prices attempted to determination backmost towards the $1,900 level.

Following a debased of $1,845.99 connected Friday, ETH/USD climbed to a highest of $1,879.11 to commencement the weekend.

The determination saw the world’s 2nd largest cryptocurrency drawback a two-day losing streak, aft staying supra a level astatine $1,830.

ETH/USD – Daily Chart

Despite the flimsy summation successful price, ethereum’s terms spot remains beneath a cardinal enactment constituent astatine 61.00.

As of writing, the 14-day RSI is tracking astatine 60.42, and should a breakout occur, determination volition beryllium a greater accidental of terms moving supra $1,900.

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Will ethereum proceed to consolidate this weekend? Leave your thoughts successful the comments below.

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