Bitcoin price gets squeezed between the trendlines of a symmetrical triangle pattern. Ethereum price likely to have a pullback into its major support area between $3,400 and $3,200. Ripple price is poised to end the 50-day consolidation between $0.467 and $0.571 range. Bitcoin price consolidates in a symmetrical triangle pattern, showing directional bias. Ripple also follows BTC’s footsteps as it continues on its 50-day consolidation streak.
However, the bearish order block from March 12, extending from $3,980 to $4,093, is rejecting ETH price. Investors looking to buy ETH could do so at the following levels: At the 50% Fibonacci retracement level, drawn from the swing high of $3,984 on May 27 to the swing low of $2,864 on May 13, at $3,424. At the 61.8% Fibonacci retracement level of the same movement at $3,279.
Source: News Formal (newsformal.com)
Ethereum Ripple Cryptocurrencies Technical Analysis
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