Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,100 to Start the Weekend 

Ethereum remained supra $2,100 to commencement the weekend, contempt crypto markets moving into consolidation. Following this week’s gains, traders person seemingly started to unafraid gains, with the planetary marketplace headdress down by 0.52% arsenic of penning this. Bitcoin has fallen beneath yesterday’s highest supra $31,000.

Bitcoin

Bitcoin (BTC) moved backmost beneath the $31,000 level connected Saturday, arsenic cryptocurrency markets consolidated to commencement the weekend.

Following a precocious of $31,005.61 connected Friday, BTC/USD dropped to a debased of $30,044.50 earlier successful today’s session.

Yesterday’s highest saw bitcoin ascent to its highest level since June 7, which has seemingly prompted bulls to unafraid gains.

BTC/USD – Daily Chart

Looking astatine the chart, the diminution successful terms comes arsenic the 14-day comparative spot scale (RSI) collided with a ceiling astatine 71.00.

At the clip of writing, the scale is present tracking astatine 70.18, which is marginally higher than a level astatine 68.00.

In the lawsuit the RSI drops beneath 70.00 determination is simply a bully accidental that adjacent much bulls could vacate earlier positions, successful bid to support caller profits.

Ethereum

Although comparatively little than Friday’s high, ethereum (ETH) continued supra $2,100 truthful acold successful Saturday’s session.

ETH/USD fell to an intraday bottommost astatine $2,049.08 earlier successful the day, however, has since recovered and is presently trading astatine $2,103.18.

This is marginally little than yesterday’s highest of $2,120.59, which saw ETH commercialized astatine its strongest constituent since past May.

ETH/USD – Daily Chart

Similar to bitcoin, ethereum, which is the world’s second-largest cryptocurrency, has collided with a ceiling connected the RSI indicator.

The aforementioned constituent of absorption astatine 75.00 was deed connected Friday, with the scale present tracking astatine 74.88.

Should ethereum bulls determination beyond this point, determination is simply a anticipation that prices could caput person to $2,200 this weekend.

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Could ethereum autumn beneath $2,000 this weekend? Leave your thoughts successful the comments below.

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