James Butterfill, head of Research for the crypto firm, commented that these strong inflows reflect “continued risk appetite recovery on the US-Iran ceasefire extension talks, reinforced by Bitcoin’s break above US$76,000 mid-week, its highest level since the February crash.”
RSI Breaks Key Level and Confirms Bullish Outlook
Heading to the daily chart, we got a bullish breakout above $2,150 on April 7 and retested that mark just a few days after. Buying interest persisted, pushing ETH to $2,400, where the selling pressure rose.
