Analysis of the prices of Bitcoin, Ethereum, XRP for 10/18/2021

The price of Ethereum has approached four thousand dollars. This week the bulls can continue their race to newmaximums.

BTC / USD

Last weekend, the price of Bitcoin consolidated above the psychological level of 60,000.00 USD and consolidated in a sideways range. 

At the end of the week, the bears tried to shake up the price and knock the pair out of the sideways trend, but tonight the price returned to the range and in the morning approached the monthly high zone. 

If buyers can continue to grow, thenDuring the day, the pair will test the 100% Fibonacci level, and a powerful bullish impulse will be able to update the historical maximum in the area of ​​66000.00 USD. 

ETH / USD

On Saturday, the price of ETH approached the psychological mark of 4000.00 USD, updating the monthly maximum at 3971.80 USD. It was not possible to test the orange level. 

At the end of last week, the bears pushed the price of ether below the four-hour EMA55, but over the past night the pair was able to fully recover to the area of ​​3860.00 USD. 

In the morning, a rollback to the support of 3800.00 USD is possible, and if large purchases resume, then the price will break through the level of four thousand dollars and renew the monthly maximum around 4100.00 USD.

XRP / USD

At the end of last week, the XRP price was in a sideways range with support in the four-hour EMA55 area. 

Over the weekend, the pair failed to test the level of 1.200 USD, and on Sunday evening the bears rolled back the price below the average price level, setting a weekly low at 1.022 USD. 

As of this morning, the pair is trying to recover to the POC line (1.120 USD), but it is not yet clear – whether the price will be able to gain a foothold in this area or continue to decline towards the psychological mark of 1.00 USD.

* All prices are based on BitStamp data

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