Bitcoin, Ethereum Technical Analysis: ETH Hits 2-Month High Above $1,800 – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: ETH Hits 2-Month High Above $1,800 – Market Updates Bitcoin News
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ETH climbs above $1,800, hitting a 2-month high.

) was up for a second successive session to start the week, with prices moving closer to a key resistance level./USD rallied to an intraday peak of $24,153.34 earlier in today’s session.

As a result of today’s surge, the world’s largest cryptocurrency moved a step closer to its ceiling of $24,600.Looking at the chart, bears have prevented prices from moving above this point since June 13, howeverIn order for this to take place, price strength will need to significantly increase, and rise above a key resistance point of its own.

This is the 62 level on the 14-day relative strength index , which hasn’t been broken since April 4, and is currently the main obstacle preventing bitcoin from moving above $25,000.

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