Bitcoin (BTC) and Ripple (XRP) prices are poised for short-to-midterm corrections, while Ethereum (ETH) hints at a potential rally.
Bitcoin price is retesting its weekly resistance level of $67,147. Ethereum price finds support around $3,321, the price imbalance between $3,146 and $3,498. Ripple price faces rejection due to the key resistance level of $0.499. Bitcoin and Ripple prices are poised for short-to-midterm corrections, while Ethereum hints at a potential rally.
BTC/USDT 1-day chart However, if Bitcoin price breaks and closes below its daily support level of $60,800, the bullish thesis would be invalidated, leading to a 4% drop to its weekly support level of $58,375. Ethereum price poised for a rally Ethereum price bounced 7% from a low of $3,362 on Friday to its current trading at $3,614. The $3,362 level roughly hovers around the 61.8% Fibonacci retracement level and the price imbalance midpoint between $3,146 and $3,498.
Ethereum Ripple Cryptocurrencies Technical Analysis
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