Yesterday, the pair could not consolidate for a long time in consolidation, and the price reduction continued. At night, the BTC price tested the psychological level of 10,000.00 USD. Near this mark, the volume of purchases increased significantly and almost double exceeded the average level. The price of Bitcoin slowly recovered in the region of 10,500.00 USD.
This morning, trading volumes declined and the pair fell to 10255.00 USD. In the course of the day, we will have a consolidation on the psychological level of 10,000.00 USD. The concern of buyers and sellers in average volumes, close to this brand, will continue with variable success until the bears push the price in the support area of 38.2% fibo (9441.98 USD).
Yesterday, in the first half of the day, Ethereum's price was consolidated below the 300.00 USD level. It was not possible for the couple to survive for long at this level. As soon as the price started to decline, a great player organized a sale and closed all limit purchase orders. As a result, the pair broke the support of 270.00 USD, setting a daily minimum at 260.00 USD. The volume of trade at this point was very large. In other markets, the price below USD 280.00 did not fall.
During the night, the ETH price recovered to the EMA55 per hour, but the bulls did not have the strength to continue the recovery up to the level of 300.00 USD. Today, the price is consolidating in the area of 290.00 USD and buyers will try again to try the threshold of $ 300. If they fail to consolidate above the psychological level, the price will fall to the support of 270.00 USD.
On the other hand, it seems that in the daily time frame, the RSI indicator of Stoch has begun to generate a signal to reset the price. If the bulls receive support at a level of 300.00 USD, then a new test of 320.00 USD is possible.
