ETH above $1,200 as markets react to Bank of Japan policy decision.
/USD surged to a peak of $16,837.65 earlier in today’s session, less than 24 hours after hitting a low of $16,398.14.
Today’s move saw the token climb above a key resistance level of $16,700, with prices rising to a four-day high in the process.Looking at the chart, the surge took place as the 14-day relative strength index broke out of a ceiling at the 46.00 level. As of writing, the index is currently tracking at the 46.61 mark, which is its strongest point since last Thursday.move above the $17,000 level in the coming days.
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