Cryptocurrency Bullish Momentum Returning Cryptocurrency markets have seen a slight recovery in prices today, as Bitcoin and Ethereum have edged higher from recent two month lows. Bitcoin (BTC) broke through the $27,000 level while Ethereum (ETH) moved beyond the $1,800 mark. This bullish momentum follows a period of bearish sentiment across cryptocurrencies that has declined since the start of 2021.

Bitcoin's rebound of the aforementioned 2-month low was sparkled when BTC/USD rose to a intraday peak of $27,521.62 today. This shift has been confirmed by price strength in the RSI, which has now broken out of a ceiling at the 43.00 level and moved to 43.66. To further strengthen Bull's position, BTC will now have to make a break through the $28,000 barrier that was last faced this past Thursday.

Similarly, Ethereum (ETH) rallied to a intraday high of $1,834.94 after dropping to a bottom of $1,787.54 on Sunday. Once again, the RSI has signalled the shift in momentum, rising above the 44.00 resistance level to a current tracking of 45.85. The next point of resistance for ETH would be the 50.00 level.

The past few months have been turbulent for the cryptocurrency market, but today's bullish trend finally brings some good news. With Bitcoin and Ethereum leading the charge, only time will tell what heights the market can reach.



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