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Ethereum and Bitcoin Prices

Ethereum Market Overview: ETH Bulls Need To Clear This Last Hurdle To Ensure Bull Rally Bitcoin Price Today: BTC Bulls Break Through $40k Milestone.

Ethereum :

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 :

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.