Rising almost breathlessly through January cryptocurrency market started the week with salespeople due to the profit sales following the recession.
As of now, there is no negative news specific to cryptocurrencies. That’s why experts say data from the upcoming U.S. and tech companies Nasdaq contributes to the decline of the index.
Bitcoin (BTC)
After 5 and a half months bitcoin it reached $24,000 again but could not stay at this level.
BTC Although the $22,530 support was well consolidated last week, we saw that the bulls’ attack over the weekend failed. Considering the expected data from the US, the $22,530 support can be visited again.
Ethereum (ETH)
The second largest cryptocurrency on Ethereum There is a sharper decline. The bulls carried ETH to the unbreakable $1,650 resistance in November, but this attempt was also unsuccessful.
With the resistance unbroken, Ethereum dropped to the $1,580 level. Although the main support level below is found at $1,425, the decline may not continue until the green zone. If the $1,650 resistance is surpassed, the next possible hurdle is located at $1,780.
ETH It has lost 3.70% on a daily basis, currently trading at $1,585.
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