Bitcoin (BTC) is approaching a crucial daily support level of $56,000, hinting at a possible recovery.
Bitcoin nears the key daily support level of $56,000, eyeing for a recovery. Ethereum price faces resistance at $2,461, suggesting a downward trend and weak momentum. Ripple price retested and bounced above the 100-day EMA at $0.553, signaling a continuation of an upward trend. Bitcoin is approaching a crucial daily support level of $56,000, hinting at a possible recovery. At the same time, Ethereum faced rejection from the resistance level, suggesting a downward trend with weak momentum.
88% over the next three days. As of Tuesday, it continues to decline and trades at $2,275. If $2,461 continues to hold as resistance, ETH could decline further by 5.6% from its current trading level to retest its September 6 low of $2,150. The RSI and the AO on the daily chart trades below their neutral levels of 50 and zero. Both momentum indicators suggest the continuation of a bearish momentum.
Ethereum Ripple Cryptocurrencies Technical Analysis
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