Bitcoin tested crucial support on Monday, rebounding by 5.8%.
Bitcoin tested $58,375 support on Monday and currently trades at $61,996 on Wednesday. Ethereum retested the $3,288 support level on Monday and is now near $3,407 on Wednesday. Ripple price faces stiff resistance at $0.500. Ethereum followed a similar pattern, retesting support on Monday and gaining 4.8% by Wednesday. Ripple trades below its daily resistance level of $0.50 but has shown resilience despite Bitcoin 's decline.
8% from Monday's low of $3,240, closing at $3,394 on Tuesday. ETH trades at around $3,407 at the time of writing, edging up approximately 0.7% on Wednesday. If this support at $3,288 holds, ETH price could rally 9% from its current trading level of $3,407 to tag its previous high of $3,717 on June 9. The Relative Strength Index and the Awesome Oscillator in the daily chart are both below the mean level of 50 and zero, respectively.
Ethereum Ripple Cryptocurrencies Technical Analysis
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