April 17, 2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 04/03/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 04/03/2021

The Ethereum price overcame the resistance of 2000.00 USD and renewed the absolute maximum around the level of 2145.00 USD.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 04/03/2021

Trading volumes were low yesterday morning and the bitcoin price failed to gain a foothold above the USD 60,000.00 resistance. During the day, the price was gradually decreasing, and late at night it tested the two-hour EMA55.

The level of average prices limited the decline in the pair, and forlast night, buyers tried to restore the price to yesterday's resistance of 60,000.00 USD. However, the growth was not supported by large volumes and the pair stuck around the 59300.00 USD mark.

Despite the fact that on the daily time frameStoch RSI indicator lines are in the overbought zone, we believe that on the weekend buyers will try once again to break through the resistance of 60,000.00 USD and renew the absolute maximum to the level of 62100.00 USD. Recall that in mid-March, Bitcoin set an absolute maximum around the 61780.00 USD mark.

If buyers are unable to form a bullish momentum, then at the beginning of next week the pair will roll back below the support of the EMA55 moving average.

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 04/03/2021

Ethereum price tested the level yesterday morning2000.00 USD and during the day I tried to cope with this psychological threshold. In the second half of the day, the bulls formed an impulse, which continued the Bull run, as a result of which, tonight, the ether price renewed its absolute maximum around the level of 2145.00 USD.

Immediately after the maximum, a pullback began, but atthis morning the pair managed to stay at the level of 2100.00 USD. Over the weekend, the bears will try to bring the price down below the psychological level of 2000.00 USD, and if the pressure intensifies, the pullback may continue to the support of 1860.00 USD.

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 04/03/2021

According to our yesterday's forecasts, the XRP / USD pair still managed to pierce the 0.600 USD resistance, and last night the bulls set an April high at 0.637 USD.

If on the weekend buyers manage to continue to grow, then the price will reach 0.650 USD, after which there is a possibility of a decline in the price of XRP to the orange level of 0.600 USD, which, by the classics of the genre, can become a support level.

* All prices are based on BitStamp data

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