Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,300 to Start the Weekend
Ethereum was once again trading above $1,300, as cryptocurrency prices rose to start the weekend. Markets were back in the green on Saturday following a volatile week, which came as the U.S. dollar continued to strengthe...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Ethereum was once again trading above $1,300, as cryptocurrency prices rose to start the weekend. Markets were back in the green on Saturday following a volatile week, which came as the U.S. dollar continued to strengthen. Bitcoin also surged higher, moving back above $19,000.
BitcoinBitcoin (BTC) rose back above $19,000 on Saturday, as cryptocurrency markets climbed higher to start the weekend.
Earlier in today’s session BTC/USD rallied to an intraday high of $19,237.39, which comes less than a day after hitting a low of $18,770.97.
Today’s peak sees the token move away from its recent support point of $18,900, following a false breakout in yesterday’s session.
Looking at the chart, the rebound in price has also pushed the 14-day relative strength index (RSI) higher, and it’s now moving towards a resistance point of its own.
As of writing, the index is tracking at the 46.35 point, which is marginally below a resistance level of 48.00.
Should we see this ceiling broken, then BTC bulls could be one step closer to recapturing the $20,000 mark.
EthereumEthereum was also trading higher to start the weekend, as the token surged following a turbulent week of trading.
Following a move to a low of $1,260.67 on Friday, ETH/USD was back above $1,300 on Saturday, hitting a peak of $1,306.71 in the process.
Like with bitcoin above, today’s surge saw ethereum bounce from a key support of $1,270, and it is now on course to hit a resistance level.
The aforementioned ceiling is the $1,330 point, which hasn’t been hit since Tuesday, when bearish pressure moved the price below this point.
Bullish sentiment seems to be returning, however, with the RSI now tracking at 45.90, which is marginally below a ceiling of 46.00.
If momentum remains upward-focused we will likely see this point broken this weekend, and the token once again above $1,330.
Register your email here to get weekly price analysis updates sent to your inbox:
Where do you expect to see ether land this weekend? Leave your thoughts in the comments below.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitcoin Price Falls 14% in a Week to $65,000 as Weekend Selling Breaks Friday’s Low
Bitcoin Magazine Bitcoin Price Falls 14% in a Week to $65,000 as Weekend Selling Breaks Friday’s Low Bitcoin price crashed about 1...
Ether Price Dips Below $2K as Ethereum Foundation Dumps 5000 ETH in 5 Day
A wallet linked to the Ethereum Foundation sold another 1,000 ETH on Saturday, taking its five-day total to 5,000 ETH, or about $9...
Lithium Market Outlook as $90,650 Spot Meets a Heavy ETF Resistance Wall in Q4
The Global X Lithium and Battery Tech ETF, on the other hand, dropped 2.64% to $59.46. This divergence indicates that there is not...
Bitcoin drops below $64,000 as bullish bets get wiped out over the weekend
CoinGecko showed BTC near $65,500 on the afternoon of Nov. 14, while Newhedge recorded long-liquidation events below $66,000. Read...
Bitcoin (BTC) Price Today: $65K Support Under Pressure as Glassnode Maps $60K–$62K Liquidation Cluster
Glassnode’s futures liquidation heat map identifies a concentrated cluster of leveraged long positions between $60,000 and $62,000...
XRP Price Today: $0.98 Support Under Threat Despite Oversold RSI
Deeply oversold indicators suggest a possible relief bounce, but the broader technical structure remains bearish. The XRP price ha...