Bitcoin, Ethereum Technical Analysis

As the U.S. dollar strengthened during Monday's session, Bitcoin started the week below $30,000 in price. The dollar also gained against the euro and the British pound, reaching a one-month high. Ethereum dropped below $2,100 as well.

On Monday, the value of Bitcoin (BTC) fell below the $30,000 mark as cryptocurrency markets were weakened by the strong U.S. dollar.BTC/USD traded at a high of $30,555.54 less than 24 hours prior to dipping to an intraday low of $29,816.72.The decline in bitcoin's price on Monday comes just two days after it reached $31,000 for the first time since June 7.

The price of Ethereum (ETH) fell below $2,100 on Monday, causing it to consolidate for the first few days of the week. Earlier in today's session, ETH/USD fell to a bottom of $2,076.18 after reaching a high of $2,137.45 on Sunday. Monday's decay sees the world's second biggest digital money drop from a new 11-month high.

Could ethereum fall below $2,000 this week? Leave your thoughts in the comments below.

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