BTC and ETH Price Analysis for September 20

BTC and ETH Price Analysis for September 20

Some coins are trying to get back to the green zone after a few days of falling.

Top coins by CoinMarketCap

BTC/USD

Unlike most of the other coins, the price of Bitcoin (BTC) has dropped by 0.80%.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) is trading sideways in the middle of the channel between the support at $18,540 and the resistance at $20,415. At the moment, the rate is closer to the lower line, which means that sellers are more powerful than buyers. However, if bulls can seize the initiative and return to the $20,000 mark, there are chances for further growth.

Bitcoin is trading at $19,139 at press time.

ETH/USD

Ethereum (ETH) is feeling much better than Bitcoin (BTC), with a price change since yesterday of +0.43%.

ETH/USD chart by TradingView

From the technical point of view, Ethereum (ETH) is trading similarly to BTC as neither buyers nor sellers have accumulated enough power for a sharp move. Respectively, sideways trading in the area of $1,300-$1,400 is the more likely scenario until the end of the week.

Ethereum is trading at $1,363 at press time.

Published at Tue, 20 Sep 2022 18:00:00 +0200

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