Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls could not hold the gained initiative, and most of the coins have returned to the red zone.
BTC/USD
The rate of Bitcoin (BTC) has slightly declined over the last 24 hours, falling by 0.26%.
On the daily chart, the price is slowly approaching the middle of the channel — the $27,500 mark. If buyers cannot bring the rate of Bitcoin (BTC) back above the $28,000 zone shortly, the fall may continue to the support level at $26,700.
Denys SerhiichukSuch a scenario is relevant until the end of next week.
Bitcoin is trading at $27,919 at press time.
ETH/USD
Ethereum (ETH) has lost more than Bitcoin (BTC) as its price has fallen by 1.57% since yesterday.
The rate of Ethereum (ETH) has kept falling since it returned below the resistance level at $1,890. The volume keeps declining, which means that buyers are not willing to buy at the current prices. In this case, a test of the crucial zone of $1,800 is the more likely scenario for the next few days.
Ethereum is trading at $1,835 at press time.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin