Ethereum Market Overview: ETH Bulls Need To Clear This Last Hurdle To Ensure Bull RallyBitcoin Price Today: BTC Bulls Break Through $40k Milestone.
ETH has had a steady decline, with the bears often selling on rallies.
– The Ethereum price went up to 20-day DMA.– The intraday trading volume in ETH/USD is $10.2 Billion, indicating a 37.2% fall.
The price of ETH breached the resistance and broke 10% above it.There is a major resistance which stands in the way of further growth. I expect it to retest the buying before anything else happens.
Bitcoin will likely retest the $40000 mark to determine if the breakout was genuine.
–Bitcoin Fear and Greed Index rests at 37 out of 100.– The daily RSI slope spikes above the neutral zone(50).– The intraday trading volume in the BTC is $16.3 Billion, indicating a 46 % fall.
The recent price jump has flipped resistance into support.However, the buyers are likely to face the trend defining 200 EMA near the $45000 mark, which would provide better confirmation for bullish recovery.