The market has entered a short-term reversal zone as all Top 10 coins are in the green zone. Binance Coin (BNB) is the main gainer, rising by 7.80% over the last day.
The key statistics for Bitcoin (BTC), Ethereum (ETH) and XRP today:
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
Bitcoin |
BTC |
$184,818,304,812 | $9,999.30 | $35,073,898,021 | 1.14% |
|
Ethereum |
ETH |
$37,968,124,297 | $337.44 | $27,006,259,200 | 3.58% |
|
XRP |
XRP |
$10,604,271,443 | $0.235592 | $2,291,283,155 | 1.74% |
BTC/USD
Yesterday, the psychological level of $10,000 again acted as a limit to bearish pressure. Sellers were able to pierce it, but the Bitcoin (BTC) price bounced to the $10,200 area.
The recovery continued overnight and the pair tested the 2-hour EMA55 level. Buyers have not yet managed to overcome the level of average prices, but today they might try to test the resistance of $10,500 again.
Buyers' persistence may lead to a retest of the level of $10,800. If bears resume the onslaught, the pair will break through the strong support of $9,800.
Bitcoin is trading at $9,976 at press time.
ETH/USD
The Ethereum (ETH) price continued to consolidate sideways yesterday. In the first half of the day, sellers tried to return the pair to the weekly low zone, but the price bounced off the support of $320.
In the second half of the day, buyers recovered the Ether price close to the resistance of $360. But by this morning, the pair could not overcome it yet. If the volume of purchases can be increased, then there is a chance of restoring the pair above the level of average prices and testing the upward green trend line. In case sellers increase the pressure, the price will test the psychological level of $300.
Ethereum is trading at $333.63 at press time.
XRP/USD
Support at $0.230 yesterday kept the XRP price from falling further, and the pair continued to move sideways.
As of this morning, the XRP price has reached the upper end of the range $0.243, but the recovery may continue to the mid-range. A retest of the $0.25 resistance is possible during the day, after which pressure from sellers may increase, and the pair may roll back to the zone of the monthly minimum.
XRP is trading at $0.2328 at press time.
Alex Dovbnya
Gamza Khanzadaev