Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis – June 3rd, 2021
It’s a mixed start to the day. Failure to move back through early highs would bring support levels into play.
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It’s a mixed start to the day. Failure to move back through early highs would bring support levels into play.
TA: Here’s Why Ethereum (ETH) Could Surge Above $2.7K and Test $3K Reading Time: 2 mins read Ethereum is stable above the $2,500 support zone and the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,700. Ethereum is trading in a positive zone above the $2,500 and $2,520 support levels. The price is now trading above $2,600 and the 100 hourly simple moving average. There was a break above a short-term contracting triangle with resistance near $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increa...
Ethereum gained pace above the $2,550 resistance zone against the US Dollar. ETH price is trading in a positive zone and it could rally if it breaks the $2,750 resistance.
Ethereum failed to continue above $2,500 and started a fresh decline against the US Dollar. ETH price is showing bearish signs and it could continue lower below $2,240.
Bitcoin price is showing bearish signs and trading well below $40,000 against the US Dollar. BTC is likely to extend losses below $34,000 and $32,000 in the near term.