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Bitcoin, Ethereum Technical Analysis: ETH Remains Close to 6-Week Low to Start the Weekend

Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low.
Bitcoin
BTC was once again trading lower on Saturday, as prices were battling to find a floor following Friday’s selloff.
After hitting an intraday low of $35,482.13 during yesterday’s session, BTC/USD was marginally higher, but still close to its two-month low.
Today’s session has so far seen BTC rise to a peak of $36,357.75, which is around 0.26% higher than yesterday’s low.

Crypto prices have sunk in the past three days, as markets reacted to the Fed’s interest rate decision, and the recent non-farm payrolls report.
Markets across the board have sold off, with the Dow Jones falling by over 1,000 points in recent days.
Many believe that this is a result of traders taking a risk off approach as inflationary pressures continue to grip participants with fear.
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