Bitcoin, Ethereum Technical Analysis: BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News
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BTC, ETH hover slightly below key resistance levels to start the weekend.

was marginally lower than Friday’s peak of $3,183.96, with the world’s second-largest cryptocurrency trading 0.43% lower as of writing./USD today fell to a low of $3,087.49.

This intraday bottom was short lived, with prices now back above $3,120 and appearing to be consolidating below the ceiling.Price strength in ethereum is deeply overbought, with the 14-day RSI indicator tracking at its highest level since November 10. Bulls will likely still target the $3,310 resistance, which has been in place since February 10, however the road there seems more uncertain, as bears are likely waiting for a sign to re-enter.

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