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Thursday

22 April 2021

Bitcoin and Ether Market Update April 8, 2021

Bitcoin and Ether Market Update April 8, 2021


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The trading day on Monday was quite volatile and we saw the biggest cryptocurrency once again touching the shortest EMA on our chart at $56,800 before forming a solid green candle to $59,140 in the evening.

On Tuesday, April 6 bulls were once again left emptyhanded, suffering yet another rejection at the $59,000 mark, which triggered a pullback to $57,200 during intraday, and eventually a daily candle close at the weekly open level – $58,100.

The Ethereum Project token ETH hit a new all-time high last week, touching $2,146 on April 2, and managed to keep most of the gains before the weekly candle close on Sunday, which helped it add the stunning 23 percent to its valuation.

On Monday, April 5, and Tuesday, April 6, the ETH/USD pair continued to move North and printed yet another highest point of trading – $2,153.

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