Crypto Monday: Bitcoin and Etherum weekly analysis
Bitcoin and Ethereum have been showing some positive signs. Here are all the details.
Bitcoin continued the rise that it started on Friday and tested the $ 28,390 level over the weekend. Bitcoin, which could not sustain above $ 28,000, shows activity at $ 27,645 in the morning today. For Bitcoin, which broke the upper band of the ascending channel and increased by about 6%, the permanence above the channel continues to support its positive activity. If the uptrend continues, the first resistance is $28,100. If this level is broken and daily closes are made above it, it can bring an increase up to $ 29,350. On the downside, it can be expected to hold on to the important and initial support level of $26,760 and then $25,250. If these levels are broken, a pullback to $23,950 can be seen.
Bitcoin and Ethereum weekly analysis
Ethereum, following the leading cryptocurrency, broke the level of $ 1,720, which it tested many times but could not break, and rose to $ 1,840 at the weekend. In the morning hours, Ethereum, which is priced at $ 1760, to make daily closings above $ 1,720.
In the upward movement, it will be important to break the $1,808 resistance and make daily closes above it. Then the $1,840 level can be tested again. With the break of this level, a rise to $1,885 can be observed. On a downside move, it will be important to hold on to the critical $1,720 level. If this level is broken, a pullback can be seen to the major falling trend line of $1,633.
