Bitcoin (BTC) price approaches a critical support level; if it holds, it might pave the way for further recovery.
Bitcoin price approaches the $56,022 support level; if the level holds, it could continue its recovery. Ethereum price faces resistance around the $2,421 level, and a close below the level could prolong its downtrend. Ripple price faces rejection around the 200-day EMA at $0.548, eyeing a decline ahead. Bitcoin price approaches a critical support level; if it holds, it might pave the way for further recovery.
Ethereum price is set for a decline as it nears its daily resistance level Ethereum price faces rejection around the daily resistance at $2,421 after recovering 7.5% in the last four days. At the time of writing on Wednesday, it trades slightly lower by 1.6% at $2,349. If ETH continues to face resistance from the $2,421 level, it could decline 5.5% from its current trading level to retest its September 7 low of $2,225.
Ethereum Ripple Cryptocurrencies Technical Analysis
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