Bitcoin (BTC) hovers around the $54,000 support level; a firm close below would suggest a decline ahead while Ethereum (ETH) and Ripple (XRP) prices approach their key resistance levels; rejection would suggest continuing the downward trend.
Bitcoin price hovers around the $54,000 support level; a firm close below would suggest a decline ahead. Ethereum ’s price faces resistance around $2,300, and a close below the level could prolong its downtrend. Ripple price approaches the $0.544 resistance; a rejection would suggest a continuation of the downtrend.
If ETH continues to face resistance from the $2,327 level and its descending trendline , it could decline 9% to retest its weekly level at $2,118. The RSI and AO are trading below the neutral levels of 50 and zero on the daily chart. These momentum indicators signal a continuation of the bearish dominance and impending fall in prices on the horizon. ETH/USDT daily chart On the other hand, if ETH breaks above the $2,327 level and closes above the daily resistance at $2,421.
Ethereum Ripple Cryptocurrencies Technical Analysis
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