After the deep fall in the cryptocurrency market, most altcoins are on their way to recovery at the time of this article. Ethereum is back in the bullish zone after crossing the $2100 level. UNI has also recorded a slight price increase over the past 24 hours.
Ethereum (ETH)
Ethereum price is up 9% over the past 24 hours as it broke the $1750 support and broke the $2K resistance level. Considering how long Ethereum has remained below the above-mentioned level, the point reached is quite important. The asset is priced at $2,186 at the time of this article.
The Relative Strength Index confirmed this price uptrend and showed an increase in buying pressure. ETH’s bullish momentum has gained strength as the green lines of the Histogram are pictured above the zero line on the Awesome Oscillator.
If Ethereum’s price action gains strength to move up, the coin could face resistance at $2600. Bollinger Bands, on the other hand, showed a divergence indicating some volatility in the near term.
Uniswap (UNI)
UNI is currently trading in the green, despite a slower recovery rate compared to other altcoins in the market. The cryptocurrency finds buyers at $18.98 after a 10% increase.
At the time of this writing, UNI is stabilizing at $18 and if the bulls can really take back control, they could push the price to $22. Chaikin Money Flow is also recording an increase in capital inflows.
The increase in the histogram of the Awesome Oscillator shows the growing market momentum of UNI. Finally, the findings of the Bollinger Bands show little divergence and no steep price action is expected.
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