Ethereum climbed to a fresh one-week high on Thursday, as bulls kept price above a key resistance level. The move comes despite cryptocurrencies mostly consolidating in today’s session, following Wednesday’s rally. Bitcoin was marginally lower, retreating from recent gains.
Bitcoin
Bitcoin edged marginally lower on Thursday, as crypto markets consolidated, following strong gains the day prior.
BTC/USD dropped to an intraday low of $26,111.46, less than 24 hours after nearing a breakout above the $27,000 level.
Overall, it appears that traders have opted to secure gains, abandoning their positions as markets neared a point of uncertainty.
Looking at the chart, this area appears to be 51.00 on the 14-day relative strength index (RSI).
As of writing, price strength is tracking at the 49.64 level, with bitcoin now trading at $26,481.46.
Should bulls navigate a surge beyond this point, there is a good chance that price could move back above $27,000.
Ethereum
Ethereum (ETH) peaked at a o
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