ETH up to 2-Week High Following Fed Rate Hike – Market Updates Bitcoin News - BitcoinEthereumNews.com
Ethereum climbed to a two-week high on Thursday, as markets continued to react to yesterdays Fed decision. As expected, the Federal Reserve increased interest rates by 0.25%, whilst providing forward guidance for future hikes. बीटीसी was once again trading above $40,000. Bitcoin बीटीसी was trading above $40,000 for a second consecutive session, as bullish pressure remained within the worlds largest cryptocurrency. This momentum comes as traders were somewhat relieved by the Feds decision to lift rates, which helped remove some recent market tension. लेखन के रूप में, बीटीसी/USD is 1.4% higher than yesterday‘s low, and has risen to an intraday high of $41,323.26 during today’s session. बीटीसी/यूएसडी - दैनिक चार्ट Even if a cross does occur, market uncertainty will likely remain until the current ceiling of $42,100 is broken. This may only occur once another resistance point has been passed, this time in the form of the 14-day RSI. As seen from the chart, the RSI is tracking at 53, which is marginally below its ceiling of 54.4. Bulls are likely anticipating a break beyond this point, prior to intensifying upside pressure. Ethereum ETH rallied to its highest level since March 4 during todays session, as it approaches a new resistance level above $2,800. Following yesterdays low of $2,647.29, ETH/USD