ETH moves higher, as Bitcoin breaks the $30,000 resistance level.
Following a low of $29,251.89 during Monday’s session,Since falling below $30,000 last week, markets have been volatile, as prices have looked to establish new support and resistance levels.So far, the floor has been the $28,800 level, with a resistance point of $31,500. These were both reestablished last week.
Looking at the chart, the 10-day and 25-day moving averages are still showing bearish sentiment, with both still pointing to downwards momentum. With volatility at a high, traders are still treading carefully in their decision making, which will likely lead to more price uncertainty in upcoming sessions.
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