The bulls are trying to maintain the short-term momentum as most coins have returned to the green zone.
BTC/USD
Buyers took advantage of the $36,000 support yesterday and managed to gain a foothold above the two-hour EMA55.
The big difficulty is due to the resistance of 38.2% fibo ($37,150). At the end of the day, this level held back BTC’s upside.
Today, the bulls may attempt to break the bear defense and test the $38,600 level. The most optimistic recovery option involves a retest of the psychological $40,000 mark.
Bitcoin is trading at $37,818 at press time.
ETH / USD
Yesterday, buyers were able to continue the Ethereum (ETH) price rally to the two-hour EMA55 area. The daily high has been fixed at $2,511. However, the decline in volume towards the end of the day did not allow the pair to consolidate above the average price.
If the bulls can keep the rate above the EMA, it is likely that ETH will soon test the $2,800 level.
Such a scenario is relevant until the end of the week. In another scenario, a move back to $2,400 could be a short-term signal with a potential target of $2,200.
Ethereum is trading at $2,639 at press time.
XRP / USD
Yesterday, there was no strong pressure from the bears and by the end of the day, XRP price was able to test the two-hour EMA55.
As of this morning, the pair has not been able to break above this moving average. If during the day, buyers attempt to break through the $0.65 area, then by the end of the day, the XRP/USD pair should be able to gain a foothold above the average price.
XRP is trading at $0.6363 at press time.
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