In the past month, #Bitcoin has shown some bullish signs, breaking through the $30,000 resistance level multiple times, indicating a potential upward trend. However, it has struggled to maintain this level, suggesting strong resistance. #Ethereum has also seen a month of volatility, with a significant drop followed by a recovery.
Technical indicators like the Relative Strength Index (RSI) and Moving Averages (MA) suggest that Bitcoin may be overbought in the short term, potentially leading to a correction. Ethereum's RSI, on the other hand, indicates it may be in the process of recovering from being oversold.
Please note that cryptocurrency markets can be highly volatile and technical analysis should be used as one tool among many in your investment strategy. Always do your own research and consider seeking advice from financial advisors.