Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate to Start the Weekend – Market Updates Bitcoin News

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ETH, BTC start the weekend trading lower.

Following a peak of $1,290.06 on Friday,As a result of today’s drop, the world’s second largest cryptocurrency moved closer to a recent floor of $1,230.From the chart, it seems that today’s consolidation comes as bulls failed to break out of a resistance point at $1,300.

As of writing, ethereum now seems as though it is heading for its aforementioned floor at the $1,230 point. This comes as the 10-day moving average now appears to have halted recent gains, and is slowly shifting downwards.Tags in this story

 

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It's a bear market, but DeFi is still going strong! HODL tight and let's see where this weekend takes us. 🚀

Not bad. Usual moves

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