Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) each encountered resistance at key levels and declined on Sunday.
Bitcoin price seems poised for a decline as it tests the crucial resistance level around $62,000. Ethereum price is at risk of a decline after encountering a significant resistance barrier around $2,843. Ripple price retests the daily level at $0.544; failure to maintain this support could result in a decline. Bitcoin , Ethereum , and Ripple each encountered resistance at key levels and declined on Sunday.
This level coincides closely with the daily resistance at $2,927. Following a bounce last week after finding support from the weekly support at $2,118 on August 5, Ethereum is currently trading slightly lower at $2,537, down 0.7% as of Monday. If Ethereum price fails to surpass the $2,843 level, it could drop 25% to test its weekly support at $2,118.
Ethereum Ripple Cryptocurrencies Technical Analysis
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