BTC and ETH on the Rise

The headline says BTC and ETH are rising, but technical indicators show a mixed picture. The RSI is around 50, meaning it is not in overbought or oversold territory. The MACD remains below the signal line, and the price is just below the SMA20, indicating slight downward pressure in the short term. Although the 24-hour increase of 7.3% is positive, the position below the 20-day average and the MACD signal suggest that the price is likely to remain volatile within the next 1-3 days. Therefore, I assess the direction not clearly upward, but rather neutral.

ETH is trading above its 20‑ and 50‑day moving averages and has crossed the MACD signal line, indicating a strong bullish trend. A 24‑hour gain of 1.78% and an RSI near 60 suggest that, while close to overbought territory, the asset still retains upside potential. News that BTC is rallying has positively influenced market sentiment, potentially supporting a short‑term rise in ETH as well. Over the next 1–3 days, the price is expected to fluctuate between $2,300 and $2,350. However, high volatility means sharp corrections are also possible.