Bitcoin (BTC) broke above its consolidation zone, signaling a potential bullish move ahead.
Bitcoin broke above its range upper limit of $64,700, eyeing a rally ahead. Ethereum price finds support around its 50-day EMA level of around $2,600, signaling an upswing on the horizon. Ripple price consolidates between $0.560 and $0.613, indicating a phase of uncertainty. Bitcoin broke above its consolidation zone, signaling a potential bullish move ahead. At the same time, Ethereum is finding support at a key level, hinting at an upcoming rally.
If the 50-day EMA at $2,594 support holds, ETH could continue its rally to retest its August 24 high of $2,820. The RSI on the daily chart is trading lower near the 57 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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