Bitcoin (BTC) and Ethereum (ETH) prices show weakness as they retested their key resistance levels.
Bitcoin price continues to decline as it faces rejection around its resistance barrier. Ethereum price looks set for a downturn as it encounters resistance around the $2,843 level. Ripple price finds stability around the daily support level of $0.544, with potential recovery on the cards. Bitcoin and Ethereum prices show weakness as they retested their key resistance levels.
As of Friday, it trades slightly higher by 0.74% at $2,589. If the $2,843 level holds as resistance and ETH continues to decline, it could crash 18% from the current level towards $2,589 and retest its weekly support level of $2,118. On the daily chart, the RSI and AO trade below their neutral levels of 50 and zero, respectively, suggesting an impending bearish trend.
Ethereum Ripple Cryptocurrencies Technical Analysis
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