ETH Climbs to Over $1,200 to Start the Weekend – Market Updates Bitcoin News

ETH is now in $1,200 territory to open the weekend. Prices rose for a third straight session. Despite the absence of bullish sentiment in crypto markets over recent months, BTC returned quickly to its peak this week.

Bitcoin

Bitcoin started the weekend trading green as the bulls continued their streak for a third straight session.

Following a low of $20,794.19 during Friday’s session, BTC/USD rose to an intraday peak of $21,520.91 on Saturday.

Today’s move was the highest point prices have reached since Tuesday, when bitcoin was trading at $21,732.

Bulls will be aiming for this next target, and they’ll need to get over it in order to make their $22,000 destination.

The chart shows that there’s another obstacle they need to overcome: the 36.45 ceiling for the RSI.

This point could be broken if bullish momentum increases, which would lead to prices reaching their target.

Ethereum

After some market turmoil in the middle part of the week, ETH began the weekend trading higher as bullish sentiment returned.

Prices of the world’s second largest crypto token hit a high of $1,238.62 on Saturday, following a low of $1,146.52 yesterday.

Yesterday’s discussion showed that bulls entered with considerable pressure after the $1,190 resistance was broken.

As of this writing, ETH was at its highest point for nine days. It has also risen nearly 10% over the seven previous trading days.

Ethereum is similar to BTC. It has just reached a resistance level via the 14-day RSI. Until that point is broken, there may be a slight decrease in uptrend momentum.

Were we able to see ETH rise to $1300 over the weekend? Comment below to share your views.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has worked in various capacities, including as a retail trading teacher, brokerage director, and market commentator for Crypto, Stocks, and FX.