Bitcoin, Ethereum Technical Analysis: ETH Rebounds on Friday, Climbing Above $1,700

Bitcoin, Ethereum Technical Analysis: ETH Rebounds on Friday, Climbing Above $1,700


Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July.

Bitcoin

Ahead of the nonfarm payrolls report, bitcoin (BTC) was back in the green on Friday, as the token rebounded following recent declines.

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Following a low of $22,485.70 in Thursday’s session, BTC/USD rallied to a peak of $23,354.13 earlier in the day.

The move came as bitcoin bulls helped prices bounce from a key support point of $22,600, after an earlier false breakout.

Despite today’s surge, BTC is down 2.30% in the last seven days, where prices moved lower in

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