Ethereum is currently trading at $342 after defending the $331 level. Bitcoin is trading sideways, waiting for clarity in the short-term. Both Ethereum and Bitcoin slipped below significant support levels after the U.S. Dollar had a notable rally. The entire crypto market has been inversely correlated with the dollar Index and directly correlated with the stock market. BTC/USD 1-hour chart It seems that Bitcoin is bouncing back up on the 1-hour chart after defending a support level at $10,357, establishing a higher low at $10,359, just $2 above the previous one. Bitcoin’s price has now also climbed above the 21-EMA and eying up the last resistance level at $10,534. BTC/USD 15-minutes chart BTC price has created an uptrend here, climbing above the 50-SMA and using it as a support level afterward. In the short-term, it seems that the flagship cryptocurrency is poised for a rebound above $10,534 but remains in a downtrend on the longer-time frames. ETH/USD 1-hour chart The smart-contracts giant has formed a symmetrical triangle pattern as the upper and lower trendlines meet at the apex on the right side; however, although these patterns serve as a continuation of the current trend, Ethereum bulls are using it as a reversal indicator. ETH’s price just pierced through the upper trendline and is seeing some mild continuation, although getting stopped at the 20-SMA. ETH/USD 15-minutes chart On the 15-minutes chart, Ethereum price has established an uptrend, and it’s eying up $348 as the next resistance level. ETH IOMAP Chart According to the In/Out of the Money Around Price chart provided by IntoTheBlock, the next cluster of addresses that bought ETH is found at $348 but only has a volume of 690,000 ETH is lower than the cluster of support at $339 with 1,420,000 ETH in volume. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed’s Evans: Need fiscal support to prevent structural scarring to economy FX Street 2 years Ethereum is currently trading at $342 after defending the $331 level. Bitcoin is trading sideways, waiting for clarity in the short-term. Both Ethereum and Bitcoin slipped below significant support levels after the U.S. Dollar had a notable rally. The entire crypto market has been inversely correlated with the dollar Index and directly correlated with the stock market. BTC/USD 1-hour chart It seems that Bitcoin is bouncing back up on the 1-hour chart after defending a support level at $10,357, establishing a higher low at $10,359, just $2 above the previous one. Bitcoin's price has now also climbed above the 21-EMA… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.