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 / USD

Yesterday morning trading volumes were low and the priceBitcoin failed to gain a foothold above the resistance of 60000.00 USD. During the day, the price gradually decreased, and late in the evening it tested the two-hour EMA55. 

The level of average prices limited the decline of 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 over the weekend buyers will once again try to break through the resistance of 60000.00 USD and update the absolute maximum to the level of 62100.00 USD. Let us recall that in mid-March Bitcoin set an absolute maximum around 61780.00 USD. 

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

ETH / USD

Yesterday morning the price of Ethereum tested the level2000.00 USD and throughout the day I tried to cope with this psychological threshold. In the second half of the day, the bulls formed an impulse that continued the Bull run, as a result of which, tonight, the price of ether renewed its absolute maximum around 2145.00 USD. 

Immediately after the high, a pullback began, but atthis morning the pair was able to hold at the level of 2100.00 USD. Over the weekend, the bears will try to push the price 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 / USD

According to our yesterday's forecasts, the XRP/USD pair was still able to break through the resistance of 0.600 USD, and last night the bulls set the April high at 0.637 USD. 

 If buyers manage to continue growing over the weekend, the price will reach 0.650 USD, after which there is a possibility that the XRP price will decline 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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