The Ethereum price continued its bull run and renewed its absolute maximum around the 2720.00 USD mark. Reduced to last week, cryptocurrency market capitalization recovered above $ 2 trillion.
BTC / USD
Purchase volumes were above average yesterday and the BTC price recovered to the 55800.00 USD area.
In the morning, trading volumes decreased, and for the currentthe moment the pair has not yet had time to test the resistance of 56000.00 USD. It is possible that sellers are activating at this level today, and the pair will roll back to the area of average prices, but we believe that the orange support of 53400.00 USD will limit the pullback.
In the near future, buyers will be able to continue the recovery above the resistance at 56000.00 USD.
ETH / USD
Yesterday morning, ETH price was heldin an ascending channel, and in the evening a rather strong bullish impulse made the pair test the middle line of a wide corridor. After a small overnight pullback, we have a retest of the middle trendline and a new Ethereum absolute maximum at 2719.47 USD.
In the morning, trading volumes are reduced, and byin decreasing volumes, the price rolls back to the area of the night low of 2600.00 USD. If the pair finds support in this area, then in the near future the bullish run will continue to a new absolute maximum of 2820.00 USD in the area of the upper border of the ascending channel.
XRP / USD
While the price of ether was breaking through to newhighs, the XRP / USD pair consolidated in a sideways range and failed to test the 1.500 USD resistance yesterday. At the moment, trading volumes have dropped below average and price volatility is quite low.
We believe that yellow support in the area of 1.315 USD will be able to limit a possible pullback of the pair, and in case of an increase in buying volumes, the bulls will be able to break through the resistance of 1.500 USD.
* All prices are based on BitStamp data
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