Bitcoin, Ethereum Technical Analysis: ETH Reaches 1-Month High Above $3,000, as BTC Hits $43,000 – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: ETH Reaches 1-Month High Above $3,000, as BTC Hits $43,000 – Market Updates Bitcoin News
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BTC rallies to $43,000, as ETH climbs to 1-month high above $3,000.

On Tuesday,/USD hit an intraday high of $3,022.21, as prices marginally moved beyond the long-term resistance level of $3,020.

This move means that ethereum is now almost 20% higher in the last seven days, after a run that saw it gain for 8 of the last 9 sessions.Price strength has also peaked, with the 14-day RSI indicator now tracking above 60, which is the highest it has been since February 9. However, now that we are relatively overbought, and with prices trading at a historically bearish resistance level, the stage could be set for a reversal.

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