BTC Fa'amaopoopoina i luma atu o le Vaiaso Tele o Fa'amatalaga Tau Tamaoaiga

Bitcoin consolidated below the $24,000 level on Feb. 27, as cryptocurrency markets prepared for a big week of economic data. Durable goods orders from the United States will be released later today, with consumer confidence figures set for Tuesday. Ethereum rose back above $1,600, following a breakout on Sunday.

Bitcoin

Bitcoin (BTC) has largely been in consolidation in today’s session, as markets prepare for a big week of U.S. economic activity data.

Ina ua maeʻa le maualalo o le $23,165.23 i le Aso Sa, BTC/USD na siitia i luga ole aso maualuga ile $23,654.37 ile amataga ole vasega ole aso.

The move comes as bitcoin bulls continued to climb higher, following a breakout of the $23,000 level on Saturday.

Since reaching the day’s peak, prices have somewhat slipped, with the world’s largest cryptocurrency currently trading at $23,408.54.

This appears to come as the 14-day relative strength index (RSI) failed to break out of a resistance level of 53.00

As of writing, the index is currently tracking at a reading of 51.95, with the next visible point of support at 50.00.

Ethereum

Eteru (ETH), on the other hand, has been predominantly bullish to start the week, with prices rising back above $1,600.

ETH/USD, which dropped to a bottom of $1,597.21 on Sunday, surged to a peak of $1,645.91 earlier in the day.

Prices have mostly climbed in the past few days, after falling to a low of $1,557 to start the weekend.

Like with bitcoin, earlier gains have eased, as the RSI collided with a wall at the 54.00 mark.

Since this collision, price strength has declined, with the RSI now tracking at 53.04, and ETH fefa'ataua'iga ile $1,638.06.

e tatau ETH bulls intend to take price back towards the $1,700 mark, the first step in this journey would be to move past the 54.00 ceiling.

Resitala lau imeli iinei e maua ai fa'afouga o le su'esu'eina o tau i vaiaso ta'itasi e lafo i lau pusameli:

Could ethereum climb above $1,700 in the coming days? Leave your thoughts in the comments below.

Eliman Dambell

O Eliman sa avea muamua ma fa'atonu o se kamupani fa'atau pisinisi i Lonetona, ae o se faia'oga fefa'ataua'iga i luga ole laiga. I le taimi nei, na ia faʻamatalaina i luga o vasega eseese o aseta, e aofia ai Crypto, Stocks ma FX, aʻo avea foi ma faʻavae amata.