Original U.Today article

TOP 3 Price Analysis: BTC, ETH, XRP — Bearish Mood Getting Stronger, Though Major Coin Prices Rising

Price Predictions

Thu, 06/11/2020 - 14:06

Denys Serhiichuk

Have Bitcoin (BTC), Ethereum (ETH), and XRP entered a long-term bearish trend?

TOP 3 Price Analysis: BTC, ETH, XRP — Bearish Mood Getting Stronger, Though Major Coin Prices Rising

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Cover image via www.tradingview.com

After a failed attempt from Bitcoin (BTC) to hold above $10,000, the main coin and the whole cryptocurrency market has switched to the red zone.

Top 10 coins by Coinstats

The vital data for Bitcoin (BTC), Ethereum ETH), and XRP is below.

Name	Ticker	Market Cap	Price	Volume (24h)	Change (24h)
Bitcoin	BTC	$179,541,855,580	$9,757.04	$27,425,817,010	-0.83%
Ethereum	ETH	$27,099,000,452	$243.47	$10,558,764,558	-0.75%
XRP	XRP	$8,818,833,892	$0.199915	$1,176,169,791	-2.26%

BTC/USD

Bitcoin (BTC) has failed to retest the $10,000 mark once again, having formed a false breakout. The price of the main crypto has declined 0.78% since yesterday.

BTC/USD chart by TradingView

On the daily time frame, the leading crypto might have started its long-term bearish trend after the bull run that began in March 2020. Against declining trading volume, bulls again failed to reach $10,000. Currently, the bearish scenario is more relevant as there is not enough liquidity at the current levels. The first place bears might face problems is at $9,400. If they break this level, the next one will be around $9,100.

Bitcoin is trading at $9,668 at press time.

ETH/USD

Yesterday, in the morning, the price of Ethereum (ETH) consolidated above the two-hour moving average EMA55. At the end of the day, buyers broke through the resistance of $247 and tested the level of $250. Bears tried to return the price to the area of average prices, but by the end of the day, the pair recovered above the border at around $247.

ETH/USD chart by TradingView

If bulls continue the offensive today, then the daily maximum could be at the resistance area of $265. Otherwise, a drop to $230 will take place shortly.

Ethereum is trading at $240.20 at press time.

XRP/USD

The price of XRP consolidated yesterday in a narrow side range under the two-hour EMA55. In the evening, buyers tried to break through the average price level and the pair tested the POC line ($0.204 USD).

XRP/USD chart by TradingView

At night, the price held in a narrow side range above the moving average EMA55. Today we can expect a breakthrough into the resistance area around $0.213. The pair may gain a foothold in the area of $0.22.

XRP is trading at $0.1961 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction #Ethereum Price Prediction

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

Ethereum (ETH) Price Analysis — Will Bulls Reach $240 In Current Bounce?

Price Predictions

Tue, 07/07/2020 - 10:22

Denys Serhiichuk

Will Ethereum (ETH) get to $240 in the ongoing growth?

Ethereum (ETH) Price Analysis — Will Bulls Reach $240 In Current Bounce?

Cover image via www.tradingview.com

The positive mood remains on the cryptocurrency market. While Bitcoin (BTC) is rising slightly, altcoins are outperforming the leading crypto. The top gainer from the 10 most popular coins is Bitcoin SV (BSV), whose rate has risen 14.34% over the past day.

Top 10 coins by Coinstats

The market capitalization has also increased against the rise of the market. At the moment, its index is $265.3 Bln.

Market Capitalization

The relevant data for Ethereum is below.

Name: Ethereum
Ticker: ETH
Market Cap: $26,416,726,830
Price: $236.59
Volume (24h): $8,170,001,858
Change (24h): 1.61%

The data is relevant at press time.

ETH/USD: Is the rise coming to an end?

The price of Ethereum (ETH) showed steady growth yesterday. During the day, the pair broke through the resistance at $233 and tested the POC line ($243.34) late at night. In the Asian session, growth stopped and the price rolled back to $240.

ETH/USD chart by TradingView

If the bears strengthen the onslaught, then they can return the pair to $233. On the other hand, on the daily time frame, the Stoch RSI indicator lines have not yet reached the overbought zone and there is still some potential for growth. Overall, after a short pause, bulls might try to test the resistance at $247.

ETH/USD chart by TradingView

On the 4H chart, Ethereum (ETH) is forming a Triangle pattern. The decline is supported by the rising trading volume which means that there is still space for going deeper. In this case, the first stop might be at the zone around $232 where most of the liquidity is concentrated. This scenario may unfold within days.

ETH/USD chart by TradingView

On the bigger time frame, the growth potential remains, despite the highs becoming lower and lower. The bullish trend since March 2020 has not been broken so far, which means bulls may still set new local peaks. Such a statement is confirmed by the rising channel, which has continued since the end of June. If bulls keep pushing the altcoin higher, traders can expect Ethereum (ETH) to trade around $245 by the end of July.

Ethereum is trading at $235.65 at press time.

#Ethereum Price Prediction

About the author

Denys Serhiichuk