Ethereum price will reach $178 – $186 supply zone in case the Bulls maintain or increase their momentum. Should the Bears defend $178 level, the coin may consolidate at the zone.
The bullish breakout of Bitcoin price at $5,299 level will expose the coin to $5,574 resistance level which may be its target in case the bulls increase its pressure. Should the resistance level of $5,229 holds, BTC price may continue its ranging movement.
The Bears need to double their momentum in order to break down the XRP’s demand level of $0.31 and reach the target at $0.30 price level. In case the Bulls defend the demand level of $0.31 sideways movement may continue for a while.
In case the Bears increase their momentum there would be another break out at the $159 price level and then Ethereum will have its support at $150 demand level. In case the bulls defend $159 price level, $168 may be the price target.
A recent report suggests that over 90% of the trading volumes reported by exchanges for Bitcoin and other major altcoins are fake.
Bitcoin price may resume uptrend movement in case the Bulls increase their momentum and break up the resistance level of $5,299. Should the Bears defend the resistance level of $5,299, the current market situation may persist.
Should the Bears maintain its pressure and push Ethereum to break down the $159 price level, then the coin will have its target at $150 demand level. In case the $159 price level holds, Ethereum price will bounce and the Bulls may take over the market.
XRP price may eventually find its low at $0.30 demand level should the Bears break down the $0.31 price level.
Should the Bears increase their momentum and break down the support level of $4,988, then Bitcoin price will continue downtrend movement towards $4,742 level. Should the support level of $4,988 hold, BTC may bounce and face the north.
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Further increase in the Bulls’ momentum will push the XRP price to $0.36 – $0.38. In case the Bulls lose their momentum at $0.36 price level, the coin may continue ranging movement.
In case the Bears were able to break down the drawn trend line, 21 periods EMA and $168 price level, then, Ethereum price will reach $159 demand zone. Otherwise, the bullish trend will continue.
The breakup of strong resistance level of $5,299 by the Bulls with increased momentum will make Bitcoin price to rally towards $5,574 resistance level. Should the Bears defend the level the second time, BTC price may fall.
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XRP price is advancing towards $0.36 level about to break up and face the next hurdles at $0.38. On the downside, a break below $0.35 would aim for $0.33 price level.