BTC started the day with a decent recovery wave above the $10,650 resistance level. The asset climbed above the $10,800 resistance against the US Dollar.
BTCUSD currently trades at $10,871 and looks well poised to continue higher and recapture the new weekly high at $10,945 seen earlier today.
BTCUSD Chart by Tradingview
If the flagship crypto sees an uptrend in the coming sessions, it might face its first significant hurdle near the $11,000.
A successful close above this barrier could open the doors for an uptick towards the next breakout zone at $11,200.
ETH Price Shows Positive Signs
The ETHUSD pair showed strength after it settled above the $350 resistance zone to move into a positive zone.
There was a surge above the $360 level as the bulls gained momentum to push the ETH price to its current price of $364.
ETHUSD chart by TradingView
A look at ETH technical indicators suggest that a breakout pattern seems to be forming with resistance near $365. A clear break above the $365 resistance level could catalyze a more considerable increase towards the critical resistance is near $375.
If the second largest crypto asset manages to break above the $375 resistance, the bulls will likely attempt to retest the $400 resistance.
BTC and ETH Register Uptick Despite KuCoin Hack
On Sep 26, popular crypto exchange KuCoin reported a colossal security breach that resulted in the loss of over $200M worth of BTC, ERC-20 tokens, and ETH stored in its hot wallets.
However, despite the devastating hack incident, ETH and BTC prices have been unaffected. As we have discussed above, BTC is up almost 2% in the past 24 hours while ETH has followed suit.
The strong performance in the crypto markets indicates that most traders remain unfazed by the possibility that ETH and BTC prices could dip after the hack.
Even as the KuCoin hacker attempts to sell off his stolen ERC-20 tokens on Uniswap, traders are confident that any attempts to dump the coins and crash the market would be too risky.
All transactions can be traced using Etherscan, and various exchanges have already suspended suspicious addresses associated with the stolen funds.