"Bitcoin Resilient, Ethereum Dips"
Updated
On Tuesday, Bitcoin maintained its position above $28,000, hovering near its two-month high. The cryptocurrency's resilience is attributed to a surprising 0.7% surge in US retail sales for September. After dipping from its Monday peak of $30,000 to a low of $27,855.21 yesterday, the digital currency rebounded to over $28,600 today. This marks Bitcoin's highest level since August 18, following a breakthrough above the crucial resistance level of 63.00 on the Relative Strength Index (RSI), reaching a peak of 65.00.
In contrast, Ethereum experienced a period of decline after briefly reaching its high of $1,628.16. Discrepancies related to the approval of Blackrock's (NYSE: BLK) Bitcoin ETF have led to this cryptocurrency plummeting to its lowest at $1,570.89 today. Failing to surpass the RSI ceiling of 49.00, Ethereum currently seems to be targeting a lower level around $1,540, ending its four-day winning streak.
In contrast, Ethereum experienced a period of decline after briefly reaching its high of $1,628.16. Discrepancies related to the approval of Blackrock's (NYSE: BLK) Bitcoin ETF have led to this cryptocurrency plummeting to its lowest at $1,570.89 today. Failing to surpass the RSI ceiling of 49.00, Ethereum currently seems to be targeting a lower level around $1,540, ending its four-day winning streak.
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