Bitcoin, Ethereum Technical Analysis
On Saturday, as markets continued to react to the most recent nonfarm payrolls (NFP) report, Bitcoin was once again above $28,000. Friday's figures showed that the U.S. economy gained 236,000 new jobs last month. To begin the weekend, Ethereum was also back in the green.
Bitcoin
On Saturday, markets continued to react to the most recent NFP report, causing Bitcoin (BTC) to surge back above the $28,000 level. The number of employees on the payroll was 236,000, which was slightly lower than the 240,000 number that many expected. Today, less than 24 hours after trading at a low of $27,824.15, BTC/USD reached an intraday high of $28,159.86.
Ethereum
As prices attempted to return to the $1,900 level, Ethereum (ETH) started today's session in the green. ETH/USD rose to a peak of $1,879.11 to begin the weekend after falling to a low of $1,845.99 on Friday. The move kept the second-largest cryptocurrency in the world above a floor of $1,830, ending a two-day losing streak.
Will ethereum continue to consolidate this weekend? Leave your thoughts in the comments below.
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