May 15, 2021

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

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

Last on Saturday, the price of bitcoin consolidated in a narrowsideways channel, taking advantage of the weak support at 57000.00 USD. On Sunday, sellers tried to push the price even lower, but the bears were unable to test the 56,000.00 USD mark.

This morning, the pair has returned to the previous level of 58000.00 USD, and at the beginning of this week, Bitcoin may continue to recover to the psychological level of 60,000.00 USD.

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

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

Ether price tested the uppertrend line and set an absolute maximum around 3040.00 USD. Growth is taking place on decreasing volumes, therefore, 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 bears to roll back the price to the area of ​​average prices.

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

At the end of last week, XRP price stuck insideways range with support at 1.540 USD. Buyers had a weak attempt to break out of the sideways channel tonight, 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 the pair will soon roll back below the support of 1.500 USD.

* All prices are based on BitStamp data

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