Cryptocurrency bulls are taking advantage of a recent dip in the market to bolster their positions as Bitcoin (BTC) and Ethereum (ETH) make a rebound. After falling to a near two-month low, Bitcoin is back above the key $26,500 support level and reaching a high of $26,989.07. This rebound came as the 14-day relative strength index (RSI) reached a stable point of support, indicating that BTC had found a floor. Ethereum has also performed better, taking yesterday's multi-week low as an opening to push the price of ETH above $1,800. This has been helped by RSI finding a floor around the 41.00 mark, pushing ETH/USD back up to $1,816.06.

Cryptocurrency's recent rebound is viewing positive signs for continued growth. As bulls enter the market, the general sentiment appears to remain optimistic and key indicators such as the RSI are remaining steady. Should both BTC and ETH break above their respective ceilings, it is likely that the prices of both will rise again. This could see Bitcoin back up towards its all-time high of $42,000, and Ethereum back above key points at $1,830 and $1,900 respectively. With much of the market enthusiasm for cryptocurrencies seemingly still intact, the outlook remains largely bullish for the short-term.



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