Ethereum was hovering close to $1,600 during Wednesday’s session, as market volatility eased today. Following a turbulent week of trading, crypto markets mostly consolidated on hump-day, with the global market capitalization down 0.23% as of writing. Bitcoin’s price was mostly unchanged, as it remained above $20,000.
Bitcoin
Cryptocurrency markets consolidated on Wednesday, with bitcoin (BTC) largely unchanged from yesterday’s session.
Following a high of $20,542.64 on Tuesday, BTC/USD was marginally lower, with today’s peak standing at $20,425.97.
The token is now trading in between a support point at $19,500 and a resistance level of $20,600, with sentiment slightly shifting towards bullish territory.
This comes as the 14-day relative strength index (RSI) broke out of a resistance point of 37.90, and is now tracking at 38.60.
Looking at the chart, it appears as if the index is headed towards the 42.00 mark, which has historically acted as a ceiling.
Should this target be hit, it...
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