Analysis of prices for Bitcoin, Ethereum, Ripple for 01/25/2021

Tonight the price of Ethereum updated its historical maximum around 1470.00 USD, and Bitcoin is trying to break throughabove the level of average prices.

BTC / USD

On Saturday, Bitcoin trading took place at low volumes, and the pair hovered in a sideways range in the support area of ​​32600.00 USD. 

On Sunday, at the end of the day, sellers were abletest the level of 31000.00 USD, but tonight the price rebounded above the resistance of 32600.00 USD. Further recovery is prevented by the two-hour moving average EMA55. 

This morning, buyers will try to increase purchase volumes and overcome the average price level. In this case, the recovery will continue to the resistance of 36000.00 USD. 

If trading volumes remain below the average level, then sellers will be able to maintain dominance in the market and at the beginning of the week will roll back the pair below the psychological support of 30000.00 USD. 

ETH / USD

Last Saturday the price of Ethereumconsolidated in the area of ​​average prices. On Sunday night, buyers managed to form a bullish impulse, which restored the price of ether to the resistance area of ​​1350.00 USD. Tonight the bulls broke through this level, renewing the historical maximum at 1476.06 USD. 

Recall that the absolute maximum price of ETHreached around 1420.00 USD in January 2018. If today the pair manages to gain a foothold in the high zone, then the bullish run may continue to the area of ​​1530.00 USD. 

If sales volumes begin to increase in the maximum zone, then the price will return to the support of 1250.00 USD. 

XRP / USD

Over the past weekend, Ripple's price failedovercome the resistance of 0.280 USD, and the pair failed to gain a foothold in the already familiar sideways range of $0.280 – $0.310. 

At the beginning of this week, attempts to break through the lowerthe border of the corridor will be repeated, but it will not be possible to achieve a significant recovery on small volumes. If the bears resume their attack, the pair will roll back below the POC line (0.229 USD). 

 

* All price values ​​are based on data from the BitStamp exchange

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