Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher Following Monday’s Declines – Market Updates Bitcoin News

) prices were trading marginally higher on Tuesday, as crypto prices rebounded following recent losses./USD rose to a high of $21,521.70 earlier in the day.

Tuesday’s move comes as prices continue to move away from a key support point of $20,800, as bulls attempt to reject a breakout.As seen on the chart, the rebound came as another breakout attempt had failed, this time on the 14-day relative strength index . The floor, which is the 37.40 level of the indicator, held firm in today’s session, and as of writing is tracking at 38.48.

Despite easing slightly, bearish momentum still remains, and can be seen in both the 10-day and 25-day moving averages, which continue to trend downwards.

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