Bitcoin, Ethereum Technical Analysis: BTC Jumps Back Above $28,000, Following Easter Break

Bitcoin started the week climbing back above $28,000, as markets returned from the Easter holidays. The move saw the world’s largest cryptocurrency briefly break out of a key resistance level of $28,500. Ethereum was also higher, as it closed in on the $1,900 level.


Bitcoin (BTC) was back above $28,000 to start the week, as market sentiment shifted towards the bulls following the Easter break.

BTC/USD rose to a high of $28,532.83 earlier in today’s session, after trading at a low of $27,828.48 the day before.

As a result of the move, BTC/USD marginally moved past a ceiling at $28,500, however momentum has since shifted.

Initially, today’s rally came as the 14-day relative strength index (RSI) bounced from a recent floor at 58.00

As of writing, the index is tracking at 61.07, with the next visible point of resistance at the 65.00 mark.

BTC is trading at $28,327.63 at the time of writing.


In addition to BTC, ethereum (ETH) was also higher on Monday, with prices closing in on the $1,900 level.

Following a low of $1,828.78 on Sunday, ETH/USD climbed to a peak of $1,873.06 to start the week.

Today’s jump in price came as bulls re-entered the market, after a brief breakout below a floor at $1,830.

Earlier gains have since eased, which comes as a result of the RSI nearing a key resistance point of 62.00.

As of writing, price strength is at a reading of 58.83, with the index closing in on a ceiling at 62.00.

Should ETH move beyond this point, it is likely that prices will surge above $1,900.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story

Will ethereum continue to move higher this week? Leave your thoughts in the comments below.

Eliman Dambell

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Read disclaimer