English
An ETH Return to $1,350 Would Signal a Breakout Afternoon Session
The morning has been unsteady, with ETH and BTC giving up early gains. Investors are lost because of the separation of the cryptocurrency market from the NASDAQ.
Bitcoin (BTC) decreased by 0.62% on Sunday. BTC lost 1.89% on Saturday before dropping 3.10% at the end of the week to $18,817.
BTC reached a morning high of $19,188 after a positive start to the day. BTC fell to a late low of $18,646 after failing to pass the First Major Resistance Level (R1) at $19,226. At $18,733, BTC breached the First Major Support Level (S1) before closing the week at $18,817.
On Sunday, Ethereum (ETH) fell by 1.67%. ETH lost 0.75% on Saturday before falling 3.00% for the week to $1,295.
After a bullish morning, ETH increased to a high of $1,337 before going back down. As ETH fell to a late low of $1,269, it fell short of the First Major Resistance Level (R1) at $1,342.
Prior to a partial rebound to $1,295 in price, ETH breached the First Major Support Level (S1) at $1,299 and the Second Major Support Level (S2) at $1,281.
After breaking away from the NASDAQ 100 on Thursday and Friday, investor worries over the weekend led to the market's decline in BTC, ETH, and overall. The expectation of a successful decision in the SEC v. Ripple (XRP) case did not act as a buffer.
The Fed's monetary policy, the economic outlook, and regulatory uncertainty all continue to be obstacles.
The crypto market cap increased by $1.11 billion, or 0.12%, to $887 billion this morning, while the NASDAQ 100 Mini was down 57.75 points.
Bonus rebate to help investors grow in the trading world!
