Analysis of the prices of Bitcoin, Ethereum, XRP for 03/05/2021

Ethereum price broke through the psychological level of 3000.00 USD and renewed its all-time high.

BTC / USD

In the pastSaturday the price of Bitcoin consolidated in a narrowside corridor, taking advantage of weak support at the level of 57000.00 USD. On Sunday, sellers tried to push the price even lower, but the bears were unable to test the level of 56000.00 USD. 

This morning the pair returned to the previous level of 58000.00 USD, and at the beginning of this week Bitcoin may continue to recover towards the psychological level of 60000.00 USD.  

ETH / USD

At the end of last week, the price of Ethereum consolidated in the upper part of the ascending channel, and at the beginning of this week the bulls continued their run to the psychological mark of 3000.00 USD. 

This morning the price of ether tested the upperthe trend line and set an absolute maximum in the area of ​​3040.00 USD. The growth is taking place on decreasing volumes, so in the near future a rollback to the middle line of the ascending channel is possible, which has more than once stopped the weak efforts of the bears to roll back the price to the area of ​​average prices. 

XRP / USD

At the end of last week, the XRP price was stuck atsideways range with support at 1.540 USD. Tonight, buyers made a weak attempt to break out of the sideways corridor, but the growth was not supported by large volumes and the pair returned to the support of 1.540 USD. 

At the beginning of this week, attempts to test the resistance of 1.700 USD may be repeated, but soon the pair will roll back below the support of 1.500 USD. 

* All prices are based on BitStamp data

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