CryptoComes Original Article
Even though bulls keep controlling the market in the last days of the year, some coins are about to enter the correction zone. Mainly, Chainlink (LINK) is the main loser from the list as its rate has fallen by more than 5%.
The vital information for Bitcoin (BTC), Ethereum (ETH) and XRP today:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$519,031,746,909 | $27,984.03 | $51,768,820,836 | 3.77% |
|
Ethereum |
ETH |
$82,713,232,244 | $728.41 | $16,262,230,450 | -0.67% |
|
XRP |
XRP |
$9,769,466,246 | $0.217444 | $12,001,580,870 | 7.76% |
BTC/USD
After updating the historic high at the beginning of this week, the Bitcoin (BTC) price rolled back to the two-hour moving average EMA55. Bulls found the support around $26,000 and are trying to continue their race to a new all-time high.
Today the pair may test the level of $29,000 and, by the end of the year, the bulls' target level is most likely the level of $30,000.
Bitcoin is trading at $27,914 at press time.
ETH/USD
The price of Ethereum (ETH) at the beginning of this week tested the upper border of the ascending green channel, updating the annual high at the point of $747. But sellers did not allow for a breakthrough to the resistance of the upper trend line and rolled the pair back to the level of $700.
Yesterday, the pair fully recovered to the zone of the annual maximum, and today buyers are again testing the upper border of the ascending channel.
If bulls manage to break through the trend line and get out of the green corridor, then a retest of the $800 level is possible in the near future. The last time the pair was around this mark was in April 2018 and, since then, Ether's price has never soared so high.
Ethereum is trading at $726.98 at press time.
XRP/USD
Yesterday, the XRP price tested the support of $0.170, renewing the December low at this point. In the evening, buyers managed to form a bullish impulse and restore the price to the resistance area of $0.26 but, over the past night, the volume of purchases has decreased and the pair returned to the channel of $0.17-$0.21.
This year, in total, XRP has spent more than three months in this side channel. One believes that the lower border of this corridor will keep the price from further decline by the end of the year.
XRP is trading at $0.2160 at press time.
