Analysis of the prices of Bitcoin, Ethereum, XRP for 04/05/2021

The price of Ethereum continues to demonstrate dynamic growth and may soon update its absolutemaximum up to 3500.00 USD.

BTC / USD

Yesterday morning the price of BTC recovered to the level59000.00 USD, but was unable to continue growing towards the target level of 60000.00 USD. In the afternoon, sellers rolled the pair below the blue support at 58000.00 USD, and tonight the bears broke through the average price level and tested the POC line ($54980). 

The Volume Profile indicator line has pauseda fall. In the morning, the price of Bitcoin rebounded to the resistance of 56000.00 USD, but the purchase volumes were quite small. If trading volumes are below the average level, then the price will not be able to break above the two-hour EMA55 and the fall will continue to the orange support of 53400.00 USD.   

On the other hand, if buyers increase volumes and restore the pair above the two-hour EMA55, then the price will be able to test the psychological mark of 60000.00 USD. 

ETH / USD

Yesterday morning, the price of Ethereum continued to grow, the pair broke through the level of 3400.00 USD and by the end of the day set an absolute maximum in the area of ​​3458.00 USD. 

Tonight, sellers dumped very large volumes of ether, but the price remained above the level of 3200.00 USD. Now the pair is gradually recovering to the zone of yesterday's high. 

The volume of purchases is at an average level and this is still enough to continue the bullish run. We believe that the bulls will test the level of 3500.00 USD today. 

If the bears again form a powerful impulse in the afternoon, the pair may return to the upper border of the ascending blue channel. 

XRP / USD

Yesterday in the first half of the day, the XRP price was unable to gain a foothold above 1,600 USD and the bears rolled the price below the powerful support of 1,500 USD. 

Overnight, the pair rebounded from the low at 1.400 USD and is trying to recover, but the levelone and a half dollar per coinrestrains growth in the area of ​​average prices. 

If it fails to break above the purple resistance, the rollback will continue to the yellow support at 1.315 USD. 

* All prices are based on BitStamp data

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