Tethereum

Bitcoin fell below the $25,000 mark on Friday, as markets moved into consolidation, following recent gains. Prices fell by almost $1,700 in the last 24 hours, with the global cryptocurrency market cap down 1.89% as of writing. Ethereum also dropped, after breaking into the $1,700 level on Thursday.<h2 id="header-0">Bitcoin</h2>Bitcoin (<a href="https://markets.bitcoin.com/crypto/BTC" rel="noopener noreferrer nofollow">BTC</a>) fell sharply below a high above $25,000 on Friday, as crypto markets moved into consolidation.<a href="https://markets.bitcoin.com/crypto/BTC" rel="noopener noreferrer nofollow">BTC</a>/USD dropped to an intraday low of $23,460.76 during today’s session, which comes a day after hitting a high of $25,134.12.The sell-off seems to have occurred as a result of bitcoin bulls being unable to maintain a breakout of a ceiling at $24,200.<a href="https://www.tradingview.com/symbols/BTCUSD/?exchange&#61;BITSTAMP" rel="noopener noreferrer nofollow">Bitcoin chart</a> by TradingViewLooking at the chart, the 14-day relative strength index (RSI) also moved back below its own resistance level at 65.00.As of writing, price strength is currently at a reading of 61.89, which isn’t too far off from a support of 59.00.<a href="https://markets.bitcoin.com/crypto/BTC" rel="noopener noreferrer nofollow">BTC</a> has already begun to rebound from its earlier lows, with prices now trading at $23,820.98 at the time of writing.<h2 id="header-1">Ethereum</h2>Ethereum’s (<a href="https://markets.bitcoin.com/crypto/ETH" rel="noopener noreferrer nofollow">ETH</a>) decline was more on the subtle side, with prices remaining relatively close to the $1,700 mark.Following a high of $1,732.80 on Thursday, <a href="https://markets.bitcoin.com/crypto/ETH" rel="noopener noreferrer nofollow">ETH</a>/USD is currently trading at $1,636.17 in today’s session.Similar to <a href="https://markets.bitcoin.com/crypto/BTC" rel="noopener noreferrer nofollow">BTC</a>, <a href="https://markets.bitcoin.com/crypto/ETH" rel="noopener noreferrer nofollow">ETH</a> fell below a key resistance level of $1,675 on its way to its current price point.<a href="https://www.tradingview.com/symbols/ETHUSD/?exchange&#61;BITSTAMP" rel="noopener noreferrer nofollow">Ethereum chart</a> by TradingViewThe decline coincided with the RSI failing to break out of a ceiling at 60.00. It is currently tracking at 58.90.A positive, however, is that the 10-day (red) moving average is no longer downward facing, with the potential for a swift upwards cross faintly on the cards.Should this occur, there is a strong possibility that ethereum will not only move back above $1,700, but potentially closer to $1,800.<a href="https://www.coinstore.com/#/spot/TETHEREUMUSDT" rel="noopener noreferrer nofollow">Sign up</a>TAGS IN THIS STORY<a href="https://news.bitcoin.com/tag/analysis/" rel="noopener noreferrer nofollow">Analysis</a>, <a href="https://news.bitcoin.com/tag/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>, <a href="https://news.bitcoin.com/tag/btc/" rel="noopener noreferrer nofollow">BTC</a>, <a href="https://news.bitcoin.com/tag/eth/" rel="noopener noreferrer nofollow">ETH</a>, <a href="https://news.bitcoin.com/tag/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>, <a href="https://www.tethereum.exchange/" rel="noopener noreferrer nofollow">TETHEREUM</a>Will we see further consolidation this coming weekend? Leave your thoughts in the comments below.

Bitcoin, Ethereum Technical Analysis: BTC Falls Below $25,000 Following Recent Surge

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