Bitcoin, Ethereum Technical Analysis: BTC, ETH Begin Weekend Close to Key Resistance Levels

Bitcoin and ethereum started the weekend buying and selling near key resistance ranges, as crypto markets continued to maintain current good points. Overall, the worldwide cryptocurrency market cap was marginally greater on Saturday, as merchants ready for this weekend’s session.

Bitcoin

BTC is presently buying and selling 6% greater than firstly of the week, this coming as costs rallied to multi-week highs.

On Saturday, BTC/USD hovered marginally beneath its resistance of $45,050, as costs rose to an intraday excessive of $44,999.49.

Following 4 consecutive days of good points, as we speak’s consolidation sees bulls figuring out the present space of uncertainty, and questioning whether or not to maintain stress or safe earlier good points.



BTC has not really traded above the present resistance degree since December 29, when costs have been falling from a then excessive of $52,198.

Looking on the chart, the 14-day RSI indicator has marginally moved past its personal resistance of 62.10, which is a slight optimistic for bulls.

However, the value energy remains to be comparatively near the ceiling, which reveals that market uncertainty remains to be rife.

Traders will seemingly proceed to attend for affirmation previous to any additional positions.

.

Ethereum

ETH was marginally decrease than Friday’s peak of $3,183.96, with the world’s second-largest cryptocurrency buying and selling 0.43% decrease as of writing.

Following its breakout of the $3,180 resistance degree throughout yesterday’s session, ETH/USD as we speak fell to a low of $3,087.49.

This intraday backside was quick lived, with costs now again above $3,120 and showing to be consolidating beneath the ceiling.



Price energy in ethereum is deeply overbought, with the 14-day RSI indicator monitoring at its highest degree since November 10.

Bulls will seemingly nonetheless goal the $3,310 resistance, which has been in place since February 10, nonetheless the street there appears extra unsure, as bears are seemingly ready for an indication to re-enter.

Is there sufficient momentum left in ETH to see additional good points this weekend? Leave your ideas within the feedback beneath.