CryptoComes Original Article
The weekend has begun with a relatively neutral mood on the cryptocurrency market as neither bulls nor bears are dominating at the moment.
The vital statistics on Bitcoin (BTC), Ethereum (ETH) and XRP today:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$763,110,272,491 | $40,934.38 | $76,097,995,766 | -0.49% |
|
Ethereum |
ETH |
$140,200,687,069 | $1,230.88 | $36,337,198,818 | -2.20% |
|
XRP |
XRP |
$14,872,613,391 | $0.3305 | $8,520,046,810 | -0.59% |
BTC/USD
Yesterday, the Bitcoin (BTC) price rolled back to the hourly EMA55 level and, finding support there, buyers began to restore the price to the January high zone. By the middle of the day, the volume of purchases made it possible to overcome the $40,000 mark and continue the bull run.
By this morning, the pair recovered only to the resistance of $40,000 and trading volumes decreased. The price cannot continue to recover to the zone of the renewed January maximum.
One assumes that the pair will spend the first half of the day in a sideways consolidation with support at the level of average prices. If, by the end of the week, bears push the moving average, then a retest of the support at $36,300 is possible.
Bitcoin is trading at $40,878 at press time.
ETH/USD
Yesterday morning, a rather deep pullback of the ETH/USD pair (below EMA55) did not allow buyers to continue the growth of the Ether price to a new January high.
The recovery got stuck around the $1,275 mark and, before the end of the day, sellers again brought the ETH price back below the hourly moving average. Over the past night, the pair was able to recover above average prices, but trading volumes are low and it looks like a narrowing sideways range is forming.
Ethereum is trading at $1,228 at press time.
XRP/USD
Yesterday, buyers made great efforts to pull the pair out of the $0.28-$0.31 side channel. During the day, they managed to test the
$0.345 level but, by the end of the day, the XRP price still rolled back to the upper border of the $0.310 sideways range.
If the bears push through this support today, the pair will roll back to the moving average EMA55, which is around the $0.30 mark.
XRP is trading at $0.3255 at press time.
