The Ethereum price has already managed to recover into an upward channel, and if the nearest support levels hold the main pair in short-term consolidation, the market recovery will continue.
BTC / USD
Yesterday, the recovery in the BTC price continued above the level of 53400.00 USD. Sellers managed to pierce this support several times tonight, but until the morning the pair held above the orange level.
If trading volumes remain at the average level, then the pair will linger in a short-term consolidation. If buyers are able to increase the volume of purchases, then the price will rise in the region of the 56,000.00 USD mark.
ETH / USD
Yesterday in the morning, the blue trendline kept the ETH / USD pair from recovering into an upward channel for a long time.
In the afternoon, buyers succeededbreak above the trend line, but until the end of the day, the ether price was under constant bearish pressure, which pushed the pair out of the ascending channel into the mid-range.
As of this morning, the price still remained in the blue corridor and in the near future may continue to recover to the middle line, to the area of 2666.00 USD.
XRP / USD
Yesterday morning, buyers managed to break throughresistance of the two-hour EMA55 and continue the recovery of the pair above 1.315 USD. At the end of the day, the bears tried to return the pair to the area of average prices, but growth continued tonight, and in the morning the XRP price marked a local maximum at 1.465 USD.
Today the pair will test the resistance of 1.500 USD, which will hold the price in a narrow sideways consolidation for some time.
* All prices are based on BitStamp data
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