Patterns: ETH/USD, BTC/USD
|ETH/USD 4H Chart: Reaches $185 mark
The ETH/USD exchange rate has appreciated about 29.98% since March 29. The cryptocurrency breached the upper boundary of a dominant ascending channel at 174.1 on April 3.
After hitting the $185 mark, the Ethereum cryptocurrency began to decline against the US Dollar. The decline was stopped by a support cluster formed by the weekly and the monthly pivot points at 161.0.
By and large, it is likely that the cryptocurrency exchange rate continues its upside movement. The pair could aim for a re-tests of the $185 mark during the following trading sessions.
BTC/USD 4H Chart: Hits $5400 mark
The Bitcoin cryptocurrency has appreciated about 30.15% against the US Dollar since last week's trading session.
The pair reached the $5400 mark during yesterday's trading session. As for the near future, it is likely that the BTC/USD exchange rate makes a retracement down towards the $4600 area.
However, it is important to note that a support level formed by the weekly R3 at 4718.6 could provide support for the pair during the following trading sessions.
If the support level holds, the rate might aim for a re-tests of the $5400 mark in the short-term.
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