Bitcoin and Ethereum Weekly Price - A quick dive

In the midst of uncertainty, one thing is clear: Cryptocurrencies are in a bear market. Ethereum and bitcoin last week price analysis shows just how far they have fallen. Let’s plunge into the weekly analysis of bitcoin and Ethereum.

Bitcoin:

With the price of $47722.65 on January 1, 2022, bitcoin price has faced an unceasing decline in the price chart of the last week. The 7-day low and high was $40,672.28 and $47,510.73.

The RSI-7 swung between 18.19 and 43.17.

On January 2, Sunday, its price closed at $47286.18 and a Relative Strength Index (RSI-7) of 43.17. A decrease of 0.91 in the rate was observed.

The price further decreased to $46446.16 on the next day, January 3. The decrease rate was -1.78 percent. The RSI was 37.84.

On Tuesday, 4^th January, the price decreased by 614.09 USD. The closing price was $45832.01 and RSI-7 was 34.23.

A much sharper decline in the graph was seen on 5^th January. The coin went below its $45000 level. The price was $43451.14 with a decrease rate of 5.19%. 23.92 was the RSI-7 value.

The price slightly dropped to $43082.31 having an RSI index of 22.69, on Thursday 6^th.

The 7-day all-time-low was USD 41566.48 on Friday, 7^th. The RSI-7 was 18.19.

On Saturday, bitcoin rose a few percentage points of +0.27, at the closing price of $41679.74.

The price further rose to $42550.46 compared to previous day, on Sunday 9^th January.

The graph line shows a good sign of increase in price in the upcoming weeks.

Expectantly, the price might reach above the $45000 level yet again.

Ethereum - Last Week Price:

After a preliminary surge in price, Ethereum has seen noteworthy dips this week. The RSI-7 fluctuated between 47.01 and 14.96. It is clearly seen that the price decreased drastically in the 7-day pattern.

On Sunday, 2^nd January, the price rose by 1.67 percent with the closing price of $3828.27

On Monday, the price again reached at $3765.89 – the same price of 1^st January. The decline rate was -1.63% with an RSI-7 of 42.00.

On Tuesday, Ethereum rose a few percentage points of 0.51 percent at the closing price of $3785.11.

The price radically dropped to -6.46 percent with the closing rate of $3540.63, on Wednesday 5^th January. The RSI-7 index was noted at 28.53.

On Thursday, 6^th January, the price additionally dropped with the rate of -3.78. the closing price and RSI-7 was $3406.81 and 23.27 correspondingly.

Friday, 7^th Jan, also showed the declining trend in price of Ethereum. The closing price was at USD 3199.24. Decline percent was -6.09 with RSI-7 of 17.45.

The 7-day all-time-low was USD 3080.95 on Saturday, 8^th. The RSI-7 was 14.96.

At the end of the week on Sunday, January 9, 2022, the trading price for one ether was $3197.30 with an RSI-7 value of 26.82.

MACD: The Moving Average Convergence Divergence (MACD) flowed between -65.86 and -4.65. A bearish trend was seen on 4^th January, Tuesday, and the price moved towards the declining rate in price of Ethereum.