Bitcoin, Ethereum Technical Analysis: ETH Hits $1,600 as Crypto Surge Continues on Tuesday

Bitcoin, Ethereum Technical Analysis: ETH Hits $1,600 as Crypto Surge Continues on Tuesday


Ethereum rose for a seventh consecutive session on Tuesday, as prices briefly climbed above the $1,600 level. This move saw the token hit its highest level in over a month, and came as bitcoin also reached a nearly five-week peak, following gains made earlier today.

Bitcoin

Bitcoin (BTC) was up to start today’s session, however bullish momentum began to fade, as prices ran into some resistance.

Trending: BREAKING: Russian MIL Declares Ukraine The Origin of COVID-19!

On Tuesday, the world’s largest token rose to an intraday high of $22,795.04, as traders continued to feed off of the recent bullish sentiment.

This sentiment saw BTC/USD rise to its highest level since June 12, when prices were in the midst of falling from a high of $30,000.

Although some traders remain optimistic of a pending move back

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend