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TOP 3 Price Analysis: BTC, ETH, XRP — Bullish Market to Come in June?

Price Predictions
Mon, 06/01/2020 - 13:58
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Denys Serhiichuk
Could June be as positive for Bitcoin (BTC), Ethereum (ETH), and XRP as May?
TOP 3 Price Analysis: BTC, ETH, XRP — Bullish Market to Come in June?

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

The first day of summer has started with a decline among most of the top 10 coins. However, Ethereum (ETH) is an exception to the rule, having grown by 0.4% over the past day. The recent gainer Cardano (ADA) is today's biggest loser. Its rate has dropped by 6.45% since yesterday.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

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

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$176 019 848 764

$9 570.84

$28 820 224 211

-0.06%

Ethereum

ETH

$26 511 588 246

$238.48

$13 233 552 113

0.4%

XRP

XRP

$9 040 158 763

$0.204933

$1 603 735 230

-3.03%

BTC/USD 

On the first day of the week, Bitcoin (BTC) has been gaining power to break the $10,000 level. Over the past day, the rate of the main crypto has remained almost unchanged.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) has successfully bounced off the support line of the rising channel that started after the dump of March 12. Although the trading volume is not so high, there is enough liquidy for the coin to move higher.

Related TOP 3 Price Analysis: BTC, ETH, XRP — How Likely Are New Local Peaks?
Related
TOP 3 Price Analysis: BTC, ETH, XRP — How Likely Are New Local Peaks?

Also, buyers continue buying back Bitcoin (BTC) every time it touches the support zone. In this case, the next resistance that could be reached even this week is $10,500. However, it will happen only if there is no false breakout at $10,000.

Bitcoin is trading at $9,557 at press time.

ETH/USD 

As it was mentioned above, Ethereum (ETH) is the only coin out of the top 10 list located in the green zone. While the growth over the past week has constituted almost 17%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

On the daily time frame, Ethereum has almost reached the March high where the coin reached the $253 level. From a technical point of view, buyers have the power to retest it. However, there is a chance probability of a false breakout as the buying trading volume is remaining at the same level and there is no liquidity above it. Respectively, traders may see the start of a correction at around $255.

Ethereum is trading at $239.14 at press time.

XRP/USD 

XRP is the biggest gainer from our list. The price of the coin has fallen 2.78% over the past 24 hours.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

XRP might have started its correction as the daily candle could not support the growth of the previous one. In addition, the coin has not broken out of the falling channel since March 2020, which suggests ongoing bearish pressure. As a result, bulls keep losing power and the nearest mark where a decline might finish is $0.1758.

XRP is trading at $0.2048 at press time.

 
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About the author

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
article image
Denys Serhiichuk
Will Ethereum (ETH) get to $240 in the ongoing growth?
Ethereum (ETH) Price Analysis — Will Bulls Reach $240 In Current Bounce?

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

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
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
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
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
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
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.

article image
About the author

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.