Adsby Eliman DambellFollowing a weekend which saw bitcoin trading mainly in the red, prices rebounded to start the week. The world’s largest cryptocurrency was trading higher on Monday, as prices once again rose above the $30,000 level. Looking at the chart, prices have gone from this short-term support, to now breaking out of resistance at $30,600. Last week saw ETH/USD fall below $2,000, hitting a low of $1,742 in the process, but it has since strung together back-to-back sessions of gains. Should price strength continue to increase, then we will likely see bulls making a run for the next resistance point at $1,950.

Source: CBC News July 04, 2022 21:41 UTC