Bitcoin (BTC) and Ripple (XRP) are consolidating between their key levels, reflecting a period of indecision among traders.
Bitcoin price consolidates between $62,000 and $64,700 key levels, suggesting a phase of uncertainty among traders. Ethereum price breaks and closes above its resistance barrier, signaling a bullish move on the horizon. Ripple price is consolidating $0.560 and $0.613 key levels, indicating a period of indecision among traders. Bitcoin and Ripple are consolidating between their key levels, reflecting a period of indecision among traders.
If the daily level of around $2,461 holds as support, Ethereum could continue to rise 6.6% from its current trading level to retest its August 24 high of $2,820. The RSI on the daily chart is edging lower near the 60 level, reflecting the decrease in the bullish momentum. For the rally to be sustained, the RSI must rise above 60, which generally indicates that bulls are gaining traction.
Ethereum Ripple Cryptocurrencies Technical Analysis
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