Bitcoin, Ethereum Technical Analysis: ETH Stalls Around Key Price Floor, as BTC Bulls Remain Sidelined – Market Updates Bitcoin News

Ethereum continued to trade around a key price floor of $1,630 on Thursday, as price uncertainty in the market remained high. Volatility has slowed in recent days, leading to crypto prices mostly trending sideways. Bitcoin fell below a support point of its own earlier in today’s session.


Bitcoin was trading marginally lower on Thursday, as the cryptocurrency moved below a key point of support.

BTC/USD bottomed out at $25,404.36 earlier in the day, less than 24 hours after peaking at $25,953.02.

The decline saw bitcoin fall under a price floor of $25,600, before bulls intervened to send the cryptocurrency higher.

At the time of writing, BTC is now trading at $25,701.34, which sees price below $26,000 for a third straight day.

Although sentiment has been mostly bearish, price stability has largely remained, with traders so far avoiding a drop under $25,000.

This could be tested as we head towards next week, with several key economic announcements set to be released in the United States.


Ethereum (ETH) tracked close to a support point of $1,630 for a fourth straight session, as traders continued to fight to secure marker momentum.

Following a low $1,611.15 on Wednesday, ETH/USD spiked to a peak of $1,656.93 earlier in the day.

Price has since slipped, with the world’s second largest cryptocurrency now trading around the $1,626.20 level.

The decline came as the 14-day relative strength index (RSI) hovered near a floor of its own at 36.00.

Looking at the chart, the index is now tracking at 36.30, with a move lower likely to trigger an increase in bearish pressure.

A move below $1,600 remains a real possibility for the coming days.

Register your email here to get weekly price analysis updates sent to your inbox:

Could we see a downtrend occur as we head into the weekend? Leave your thoughts in the comments below.

Source: Bitcoin

Related posts

Samsung Galaxy A05s lands in the Google Play Console ahead of release


OnePlus Buds Pro 2 Lite arrive in Europe as OnePlus Buds Pro 2R


Realme GT2 Pro gets Android 14-based Realme UI 5.0 early access


Lava Blaze Pro 5G's launch date and design revealed

Sign up for our Newsletter and
stay informed!

Share Your Thoughts!

This site uses Akismet to reduce spam. Learn how your comment data is processed.