Ethereum mostly consolidated during Tuesday’s session, as prices continued to trade close to recent highs. Following a move to a three-week peak to start the week, markets maintained bullish sentiment, earlier in the day. Bitcoin also upheld recent momentum, with the coin remaining near its ceiling at $17,400.
Bitcoin
Bitcoin (BTC) continued to trade close to the $17,200 level in today’s session, as traders moved to secure Monday’s gains.
Following a low of $17,162.99 to start the week, BTC/USD hit a high of $17,389.96 earlier in the day.
However, earlier gains have since diminished, with the world’s largest cryptocurrency currently trading at $17,271.27.
Looking at the chart, today’s price consolidation came as the 14-day relative strength index (RSI) continued to hover close to a key resistance at the 60.00 mark.
Despite the index currently tracking above this point at 60.89, price uncertainty has heightened, leading to previous bulls abandoning positions.
Traders may once
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