ETH nears $1,700 as Federal Reserve hints at ongoing rate hikes.
) moved back above $24,000 on Thursday, as cryptocurrency markets rebounded following the latest FOMC minutes./USD surged to an intraday high of $24,572.09 earlier in the day.
As a result of this, the world’s largest cryptocurrency broke out of a key resistance level at the $24,200 point.This rebound also came as the 14-day relative strength index , bounced from a floor of its own at 59.00 Currently, the index is tracking at a reading of 59.90, with the next visible point of resistance at the 66.00 zone.
Should bulls attempt to reach this level, there is a strong chance that bitcoin will be trading above $25,000.
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