On Tuesday, Bitcoin saw a big increase, going above $26,000, as people were interested in the new U.S. inflation numbers. It is expected that consumer prices for May will drop to 4.1%, which is twice as much as the Federal Reserve wants. Ethereum, on the other hand, stayed below $1,800.

Bitcoin

Before the upcoming inflation report in the United States, bitcoin (BTC) surged and surpassed the $26,000 level once again.

After hitting a low of $25,686.04 at the beginning of the week, BTC/USD rapidly climbed to a high of $26,261.14 earlier today.

Bitcoin’s upward movement brought it close to a recent resistance level around $26,300, which acts as one of the final obstacles for the bullish trend before potentially reaching $27,000.

To get towards this level, a ceiling on the relative strength index (RSI) will also need to be broken.

The current level on the indicator stands at 47.00, but at the time of writing, the price strength is tracking at 44.02.

In order to deviate from its current downward trajectory, the 10-day (red) moving average will need to shift its course and move in a different direction.

Ethereum

Furthermore, Ethereum (ETH) experienced a slight increase, but it remained below the $1,800 threshold in its trading.

During today’s session, ETH/USD surged to a peak of $1,757.89, marking a significant increase from its previous day’s low of $1,723.09.

The latest surge came as bulls took charge at a floor of $1,730, with the RSI bouncing from its own floor at 38.00.

At the time of writing, price strength is tracking at 39.33, with the next visible point of resistance being 43.00.

If the index successfully breaches the mentioned resistance level, there is a strong indication that ETH will surge and achieve the significant milestone of $1,800.