Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,800, as Market Volatility Remains High

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knife

Ethereum was once again trading above the $1,800 level, after a brief breakout during Thursday’s session. Prices rose by as much as 2%, as optimism grew that the U.S. debt ceiling could be increased. Bitcoin also marginally climbed, moving away from yesterday’s two-week low.

Bitcoin

Bitcoin (BTC) rose slightly higher on Friday, as prices moved away from a recent two-week low.

Following a low of $25,890.59 on Thursday, BTC/USD rose to a peak at $26,591.52 earlier in the day.

The move saw bitcoin (BTC) once again climb above a point of support at the $26,300 level, which has been in place for the past few weeks.

new TradingView.widget( { “width”: “100%”, “height”: “400”, “symbol”: “BITSTAMP:BTCUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “light”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#F1F3F6”, “enable_publishing”: false, “container_id”: “tradingview_1247e”
} );

Despite this latest rebound, BTC remained almost 2% lower than at the same point last week.

For bulls, a positive sign comes in the form of the 14-day relative strength index (RSI), which failed to break out of a floor at 39.00

The last time breakout took place was back on March 10, which led to BTC falling below the $20,000 mark.

Ethereum

Ethereum (ETH) rose back above the $1,800 mark on Friday, after dropping to a multi-week low of its own yesterday.

ETH/USD hit a high of $1,817.16 earlier in today’s session, which comes a day after the price fell to a bottom at $1,788.29.

As a result of today’s slight rebound, the 10-day (red) moving average is now firmly on the verge of crossing its 25-day (blue) counterpart.

new TradingView.widget( { “width”: “100%”, “height”: “400”, “symbol”: “BITSTAMP:ETHUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “light”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#F1F3F6”, “enable_publishing”: false, “container_id”: “tradingview_1247e”
} );

The chances of this occurring come as price strength once again bounced from support at 44.00, leading to a reentry of long-term bulls.

As of writing this, the index is now tracking at 46.39, with the next visible resistance level at 51.00.

Should momentum continue to climb, there is a good chance that ETH could hit $1,900 this coming weekend.

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bitcoin
Bitcoin (BTC) $ 66,373.78
ethereum
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tether
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solana
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staked-ether
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usd-coin
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xrp
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dogecoin
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the-open-network
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cardano
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shiba-inu
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avalanche-2
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tron
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wrapped-bitcoin
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chainlink
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polkadot
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uniswap
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bitcoin-cash
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near
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litecoin
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matic-network
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leo-token
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wrapped-eeth
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dai
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pepe
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internet-computer
Internet Computer (ICP) $ 9.27
kaspa
Kaspa (KAS) $ 0.156598
ethereum-classic
Ethereum Classic (ETC) $ 24.78
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,549.77
ethena-usde
Ethena USDe (USDE) $ 1.00
aptos
Aptos (APT) $ 7.69
fetch-ai
Fetch.ai (FET) $ 1.35
monero
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render-token
Render (RNDR) $ 7.94
hedera-hashgraph
Hedera (HBAR) $ 0.083394
filecoin
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stellar
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mantle
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cosmos
Cosmos Hub (ATOM) $ 7.09
okb
OKB (OKB) $ 45.85
blockstack
Stacks (STX) $ 1.86
crypto-com-chain
Cronos (CRO) $ 0.096684
arbitrum
Arbitrum (ARB) $ 0.893329
first-digital-usd
First Digital USD (FDUSD) $ 1.00
dogwifcoin
dogwifhat (WIF) $ 2.47
immutable-x
Immutable (IMX) $ 1.63
injective-protocol
Injective (INJ) $ 23.69
sui
Sui (SUI) $ 0.927716
maker
Maker (MKR) $ 2,387.07
optimism
Optimism (OP) $ 2.03
the-graph
The Graph (GRT) $ 0.224274
vechain
VeChain (VET) $ 0.028634
bittensor
Bittensor (TAO) $ 295.35
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,959.50
lido-dao
Lido DAO (LDO) $ 2.13
notcoin
Notcoin (NOT) $ 0.018246
floki
FLOKI (FLOKI) $ 0.000192
arweave
Arweave (AR) $ 27.53
jasmycoin
JasmyCoin (JASMY) $ 0.036642
fantom
Fantom (FTM) $ 0.625342
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,683.36
ondo-finance
Ondo (ONDO) $ 1.13
bitget-token
Bitget Token (BGB) $ 1.15
bonk
Bonk (BONK) $ 0.000024
theta-token
Theta Network (THETA) $ 1.60
based-brett
Brett (BRETT) $ 0.156367
thorchain
THORChain (RUNE) $ 4.52
celestia
Celestia (TIA) $ 7.85
coredaoorg
Core (CORE) $ 1.61
whitebit
WhiteBIT Coin (WBT) $ 9.60
eos
EOS (EOS) $ 0.642046
aave
Aave (AAVE) $ 85.58
pyth-network
Pyth Network (PYTH) $ 0.350421
algorand
Algorand (ALGO) $ 0.150011
jupiter-exchange-solana
Jupiter (JUP) $ 0.900032
sei-network
Sei (SEI) $ 0.391934
quant-network
Quant (QNT) $ 81.09
ethena
Ethena (ENA) $ 0.715226
flare-networks
Flare (FLR) $ 0.026808
cheelee
Cheelee (CHEEL) $ 20.10
starknet
Starknet (STRK) $ 0.876841
zksync
zkSync (ZK) $ 0.307321
gatechain-token
Gate (GT) $ 8.57
gala
GALA (GALA) $ 0.031298
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,593.78
flow
Flow (FLOW) $ 0.691634
kucoin-shares
KuCoin (KCS) $ 10.20
bitcoin-sv
Bitcoin SV (BSV) $ 48.24
beam-2
Beam (BEAM) $ 0.019265
axie-infinity
Axie Infinity (AXS) $ 6.49
tokenize-xchange
Tokenize Xchange (TKX) $ 11.73
zebec-protocol
Zebec Protocol (ZBC) $ 0.018272
bittorrent
BitTorrent (BTT) $ 0.00000094975447
ordinals
ORDI (ORDI) $ 43.56
dydx-chain
dYdX (DYDX) $ 1.48
elrond-erd-2
MultiversX (EGLD) $ 32.33
neo
NEO (NEO) $ 12.24
chiliz
Chiliz (CHZ) $ 0.096107
gnosis
Gnosis (GNO) $ 327.94