Bitcoin and Ethereum rise to $9,500 and $269 as bulls take control

BTC/USD and ETH/USD have broken above crucial hurdles and will look to pump further to strengthen footing above $9,500 and $260 respectively

Bitcoin has climbed above $9,500 while Ethereum has soared to $269, with the crypto market green on Thursday morning.

This represented Ethereum’s highest price level since the mid-March price collapse — a period that saw bears restrict prices below $246.

Other top coins to see a significant pump in the past 24 hours include XRP (+3.6%), Bitcoin Cash (+4.5%), Litecoin (+3.9%), IOTA (6%) and TRON (+3%). ChainLink also surged by more than 7% to continue its remarkable market performance.

Coinbase 4

Bitcoin price movements

BTC/USD has broken above $9,500 for the first time in weeks and optimism is back regarding attempts to break $10,000 once more.

The spike from $9,391 to $9,529 means bulls can eye up a run to $9,700, with a potential break above $9,780 setting bulls for a retest of prices near the psychologically significant $10k. However, the upside faces a major hurdle as the 61.8% Fibonacci is at $9,811.84

It is likely, therefore, that bulls may initially fail to consolidate and move into the aforementioned price zone.

If that happens, subsequent downsides for BTC/USD have immediate support at the 38.2% Fibonacci retracement level and the SMA 50 and SMA 20 found at $9,263 and $9,372.

Bitcoin and Ethereum rise to $9,500 and $269 as bulls take control 1
BTC/USD daily chart. Source: TradingView

Ethereum price analysis

ETH/USD has surged by more than 9% in the past 24 hours and currently trades around $263 after coming close to $270.

Ethereum bulls have been trying to build momentum for a rally above $246 and yesterday’s pump presented that opportunity; ETH/USD went past two key barriers — the psychological $250 and major resistance at $260.

As of writing, Ethereum bulls are in control with prices poised above $264. A revisit of $280, therefore, will be achievable in the coming trading sessions.

The area might prove difficult to surmount, but buyers might be encouraged by the MACD that is printing a bullish divergence on the daily chart.

Bitcoin and Ethereum rise to $9,500 and $269 as bulls take control 2
ETH/USD daily chart. Source: TradingView

The RSI is in slight decline, turning away from its overbought territory. Buyers will, therefore, be keen to establish a foothold above $260. An immediate reversal will see buyers look to defend $250 as this means they retain the opportunity to break higher in the next few trading sessions. A dip at this level means prices could tank to lows of $245.

Bitcoin and Ethereum rise to $9,500 and $269 as bulls take control 3
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bitcoin
Bitcoin (BTC) $ 41,603.00
ethereum
Ethereum (ETH) $ 2,463.23
tether
Tether (USDT) $ 0.998285
binance-coin
Binance Coin (BNB) $ 333.12
cardano
Cardano (ADA) $ 1.31
xrp
XRP (XRP) $ 0.752829
dogecoin
Dogecoin (DOGE) $ 0.210436
usd-coin
USD Coin (USDC) $ 0.999681
polkadot
Polkadot (DOT) $ 16.41
binance-usd
Binance USD (BUSD) $ 0.999884
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 41,603.00
ethereumEthereum (ETH)
$ 2,463.23
tetherTether (USDT)
$ 0.998285
bitcoin-cashBitcoin Cash (BCH)
$ 544.95
litecoinLitecoin (LTC)
$ 143.76
bitcoinBitcoin (BTC)
35.041,17
ethereumEthereum (ETH)
2.074,72
tetherTether (USDT)
0,840830
bitcoin-cashBitcoin Cash (BCH)
459,00
litecoinLitecoin (LTC)
121,09
bitcoinBitcoin (BTC)
29,800.02
ethereumEthereum (ETH)
1,764.40
tetherTether (USDT)
0.715067
bitcoin-cashBitcoin Cash (BCH)
390.34
litecoinLitecoin (LTC)
102.97

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin41,575 0.44 % 7.29 % 24.27 %
Ethereum2,456.9 0.35 % 4.99 % 16.05 %
Tether1.000 0.21 % 0.05 % 0.20 %
Binance Coin332.16 0.23 % 7.32 % 11.60 %
Cardano1.310 0.78 % 3.82 % 8.75 %
XRP0.7517 0.17 % 4.07 % 23.34 %
Dogecoin0.2095 0.70 % 4.34 % 8.18 %
USD Coin0.9992 0.13 % 0.05 % 0.16 %
Polkadot16.31 0.80 % 11.31 % 22.15 %
Binance USD0.9984 0.18 % 0.05 % 0.56 %

bitcoin
Bitcoin (BTC) $ 41,865.00
ethereum
Ethereum (ETH) $ 2,610.97
tether
Tether (USDT) $ 0.998567
binance-coin
Binance Coin (BNB) $ 343.16
cardano
Cardano (ADA) $ 1.37
xrp
XRP (XRP) $ 0.767202
dogecoin
Dogecoin (DOGE) $ 0.219054
usd-coin
USD Coin (USDC) $ 0.999128
polkadot
Polkadot (DOT) $ 18.54
binance-usd
Binance USD (BUSD) $ 0.997473