Analysis of the prices of Bitcoin, Ethereum, XRP for 06/04/2021

Yesterday's attempt by buyers to gain a foothold above the nearest resistance level ended with a rollback toarea of ​​average prices. Will the decline continue today?

BTC / USD

Yesterday morning, buyers broke through the resistance of 38000.00 USD and tried to gain a foothold in the area of ​​39000.00 USD. However, the BTC price could not stay in the daily high zone. 

Tonight the bears returned the pair to the three-hour EMA55 area. The moving average has slowed down the BTC price decline, and short-term consolidation is possible in the near future. 

However, if sellers intensify the onslaught, they could break the 36000.00 USD support.

ETH / USD

Yesterday, the price of Ethereum broke through the resistance of 2800.00 USD and set a daily high around 2890.00 USD. 

At night, buyers tried to testlevel 2900.00 USD, but sellers pushed the price of ether to the three-hour EMA55 area. If today the bears are able to increase pressure, they will push through the average price level. 

If we fail to increase sales, the moving average will withstand the onslaught of bears and the pair will consolidate in the area of ​​average prices.

XRP / USD

Yesterday, the XRP price set a daily maximum at 1.078 USD, but the pair could not stay in the maximum zone for a long time and rolled back below 1.00 USD. 

As of this morning, buyers have slightly restored the price, but trading volumes have decreased and the pair cannot yet rise above the psychological level of one dollar per coin. 

If today the bears resume their onslaught, they will push through the support of the three-hour EMA55 and continue to reduce the price to the area of ​​0.800 USD. 

 

* All prices are based on BitStamp data

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