Bitcoin, Ethereum Technical Analysis

As markets returned from the Easter break, Bitcoin began the week with a rise above $28,000. The move saw the world's biggest cryptographic money momentarily break out of a key opposition level of $28,500. Additionally, Ethereum was higher as it neared the $1,900 mark.

After the Easter break, market sentiment shifted toward the bulls, and Bitcoin (BTC) was back above $28,000 to start the week. After trading at a low of $27,828.48 the day before, BTC/USD advanced to a high of $28,532.83 earlier in today's session. Because of the move, BTC/USD insignificantly moved beyond a roof at $28,500, but force has since moved.

The price of ethereum (ETH), which was also higher than Bitcoin (BTC), was close to $1,900 on Monday. ETH/USD rose to a peak of $1,873.06 to begin the week, rising from a low of $1,828.78 on Sunday. After a brief break below the $1,830 floor, bulls re-entered the market, which resulted in today's price rise.

Will ethereum continue to move higher this week? Leave your thoughts in the comments below.

Source 👈