Following a spike above this barrier near the close of yesterday's session, Bitcoin continued to trade above the $27,000 mark on Friday. A one-week high was reached by Ethereum.
Bitcoin
Following a late surge in bullish enthusiasm toward the close of Thursday's session, Bitcoin continued to trade above the $27,000 mark on Friday.
BTC/USD soared earlier in the day to an intraday high of $27,259.50 after hitting a low of $26,424.95 on Thursday.
The action caused the price of bitcoin to increase to its highest point since September 20, when it reached a high of $27,393.00.
Early gains have subsequently begun to wane, partly as a result of a collision that occurred on the relative strength index (RSI).
Looking at the chart, the index has dropped to a reading of 56.57 after failing to break through a resistance level of 58.00.
Before making their next move, traders might be waiting for the release of the US consumer mood report this afternoon.
Ethereum
On Friday, Ethereum (ETH) maintained its upward trend and overcame a significant resistance level.
ETH/USD reached its highest point of the day at $1,687.28, up from the previous day's low of $1,620.68.
Ethereum has risen above a previously maintained ceiling of $1,670 as a result of this increase, reaching a month-high in the process.
The relative strength index broke over its own ceiling of 57.00 to begin the most recent rally. It's currently tracking at 58.61.
Until they move ethereum back above $1,700, which hasn't happened since the end of August, bulls will probably remain unsatisfied.
Amazon Essentials Men's Fashion
Will Ethereum continue its uptrend over the weekend? Post your opinions in the section below.