Bitcoin (BTC) and Ethereum (ETH) Price Analysis 📈

Bitcoin (BTC)

#Bitcoinconfirmed bullish trends by remaining well above the 50 and 200-day EMAs.

BTC breaking above the $48,178 resistance level and breaking through the Sunday morning high of $48,358 would enable a move to the $50,500 resistance level.

However, exceeding the $47,500 level will activate the $46,020 support level.

The 14-day RSI value of 73.56 indicates that BTC is in the overbought zone. Selling pressure may intensify at resistance at $48.358, Sunday's high.

Ethereum (ETH)

#Ethereumconfirmed bullish signals by staying well above the 50 and 200-day EMAs.

A break above Sunday morning's high at $2,538 would bring the $2,650 resistance level into play.

However, a decline of ETH below the $2,457 support level could cause a move towards the $2,300 support level.

The 14-day RSI at 65.42 indicates that ETH could return to the $2,600 level before entering the overbought zone