🔥🔥🔥 Is #Ethereum (ETH) Going to Lose $4,000? #Solana at $170: Was It Fakeout? $XRP Remains Stable
Ethereum appears to be facing challenges near the $4,000 mark, showing a lack of momentum to surpass or even reach this level. Currently, Ethereum is trading within a tightening range, typically indicative of consolidation preceding a potential breakout. Key levels to monitor are approximately $3,900 as resistance and $3,626 as support.
The $3,626 support level has been tested repeatedly, with bullish momentum requiring a decisive breakthrough of the $3,900 resistance. Low trading volumes suggest limited buying pressure. Ethereum's RSI at 65.88 reflects a neutral stance. A breach of $3,626 could lead to a drop towards the 50-day moving average at $3,298, while surpassing $3,900 might drive Ethereum towards $4,000 and beyond.
Solana Nears $170
Solana is approaching the $170 threshold, potentially aiming to surpass it soon. Currently, Solana is trading within a narrow range, with $165.84 serving as immediate support after retracting from $170. Key support levels to monitor are $156.52 and $151.66, historically significant for providing support.
If Solana maintains support above $165.84, it might attempt another push towards $170. However, breaking below $156.52 could indicate a bearish trend, possibly leading to a decline towards $150 or lower.
XRP Exhibits Stability
XRP has demonstrated remarkable stability lately, consistently hovering around $0.52. Currently in a consolidation phase, XRP maintains the $0.50 support level, while resistance levels stand at approximately $0.55 and $0.57.
The moving averages offer additional insights, with the 50-day acting as support and the 200-day and 100-day serving as resistance levels. Consistent trading volumes indicate sustained interest, while the RSI at 51.89 suggests a relatively stable market.
A break above the $0.55 resistance level could propel XRP towards $0.57 and higher, while a drop below $0.50 may indicate a bearish trend.
Source - u.toda
