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
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usd-coin
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dogecoin
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cardano
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avalanche-2
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shiba-inu
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the-open-network
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polkadot
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bitcoin-cash
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chainlink
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tron
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matic-network
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internet-computer
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near
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litecoin
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aptos
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blockstack
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filecoin
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cosmos
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ethereum-classic
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arbitrum
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render-token
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crypto-com-chain
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immutable-x
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stellar
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hedera-hashgraph
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mantle
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the-graph
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okb
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dogwifcoin
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optimism
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bittensor
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fetch-ai
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vechain
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pepe
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injective-protocol
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maker
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kaspa
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thorchain
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theta-token
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fantom
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arweave
Arweave (AR) $ 41.63
first-digital-usd
First Digital USD (FDUSD) $ 0.99711
lido-dao
Lido DAO (LDO) $ 2.84
gala
GALA (GALA) $ 0.067572
monero
Monero (XMR) $ 136.16
floki
FLOKI (FLOKI) $ 0.000256
sui
Sui (SUI) $ 2.00
celestia
Celestia (TIA) $ 14.01
sei-network
Sei (SEI) $ 0.861912
algorand
Algorand (ALGO) $ 0.271488
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,919.50
flow
Flow (FLOW) $ 1.39
quant-network
Quant (QNT) $ 137.91
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,610.52
beam-2
Beam (BEAM) $ 0.035891
aave
Aave (AAVE) $ 127.29
bonk
Bonk (BONK) $ 0.000028
conflux-token
Conflux (CFX) $ 0.480473
bitcoin-sv
Bitcoin SV (BSV) $ 93.18
singularitynet
SingularityNET (AGIX) $ 1.39
jupiter-exchange-solana
Jupiter (JUP) $ 1.30
wrapped-eeth
Wrapped eETH (WEETH) $ 3,679.21
starknet
Starknet (STRK) $ 2.26
elrond-erd-2
MultiversX (EGLD) $ 61.05
havven
Synthetix Network (SNX) $ 4.96
dydx-chain
dYdX (DYDX) $ 3.45
axie-infinity
Axie Infinity (AXS) $ 11.17
the-sandbox
The Sandbox (SAND) $ 0.695494
ribbon-finance
Ribbon Finance (RBN) $ 1.62
bittorrent
BitTorrent (BTT) $ 0.000002
bitget-token
Bitget Token (BGB) $ 1.04
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,549.41
ethena-usde
Ethena USDe (USDE) $ 1.00
tezos
Tezos (XTZ) $ 1.40
worldcoin-wld
Worldcoin (WLD) $ 8.40
pyth-network
Pyth Network (PYTH) $ 0.905159
mina-protocol
Mina Protocol (MINA) $ 1.25
gatechain-token
Gate (GT) $ 9.91
ondo-finance
Ondo (ONDO) $ 0.90895
ordinals
ORDI (ORDI) $ 62.35
flare-networks
Flare (FLR) $ 0.035467
ecash
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axelar
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chiliz
Chiliz (CHZ) $ 0.145028
ronin
Ronin (RON) $ 4.16
apecoin
ApeCoin (APE) $ 2.03
eos
EOS (EOS) $ 1.10
decentraland
Decentraland (MANA) $ 0.675516
akash-network
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