Original U.Today article

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

Price Predictions

Thu, 05/28/2020 - 14:02

Denys Serhiichuk

Which coin, out of Bitcoin (BTC), Ethereum (ETH) and XRP, could grow the most in the current bullish trend?

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

Cover image via www.tradingview.com

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.

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The cryptocurrency market has accumulated enough power to set new local peaks. However, the rise does not apply to all coins from the top 10 list. Most of them have grown by less than 1% over the past day.

Top 10 coins by Coinstats

Take a look at the key data for the top 3 coins.

Name	Ticker	Market Cap	Price	Volume (24h)	Change (24h)
Bitcoin	BTC	$173 011 126 061	$9 409.03	$31 992 937 685	3.15%
Ethereum	ETH	$23 433 051 560	$210.89	$10 247 110 659	1.83%
XRP	XRP	$8 730 321 597	$0.197909	$1 546 126 303	-0.57%

BTC/USD

Bitcoin (BTC) has continued its price blast. Growth over the past 24 hours has amounted to 2.81%. At the moment, the main crypto has absorbed almost all of the decline from the past week.

BTC/USD chart by TradingView

On the 4H chart, Bitcoin (BTC) has broken out of the consolidation zone and continued growing to the closest resistance at $9,600. Even though the liquidity is low, the trading volume is rising, which a good signal in terms of a continued rise. If nothing critical changes and buyers can consolidate at the current zone, the $9,600 mark will be attained by the end of the week.

Bitcoin is trading at $9,406 at press time.

ETH/USD

Ethereum (ETH) is performing worse than Bitcoin (BTC) in the current rise. Its rate has risen only 1.31% since yesterday.

ETH/USD chart by TradingView

Although Ethereum (ETH) has shown less growth than Bitcoin (BTC), it still has the potential to rise. Currently, the price increase is support by high liquidity as well as trading volume. In this case, the closest area in which bulls might incur problems is the 261.8% ($215) level of the Fibonacci retracement. If buyers manage to break this, the bullish trend will hold.

Ethereum is trading at $209.78 at press time.

XRP/USD

XRP is trading as it usually does in phases of growth, falling against the rising market. The decline over the past day has amounted to 0.96%.

XRP/USD chart by TradingView

XRP is still being dominated by bears on the 4H time frame. Lowering heights are forming, which is a signal of continued decline. Also, there is low liquidity in the current area, which is not good for bulls. Summing up, traders can expect XRP to reach $0.19 shortly. The only alternative would be if buyers seize the initiative and the trading volume increases.

XRP is trading at $0.1965 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction #Ripple 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

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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