Traders appear to be in a state of anxiety as bitcoin price fluctuates between $62,000 and $64,700, two important milestones.

If Ethereum price can break and close above the resistance level, the price could soon move in a positive direction.

Traders seem to be hesitant as Ripple price stabilizes around $0.560 and $0.613.

Traders appear to be hesitant as Bitcoin (BTC) and Ripple (XRP) consolidate between their key levels. Meanwhile, Ethereum (ETH) is showing bullish signs after breaking above resistance.

Bitcoin price is stabilizing in a range of $62,000 to $64,700. For more than six days, the $62,000 and $64,700 levels have acted as major support and resistance levels for Bitcoin price. It was worth $64,360 as of Wednesday.

Bitcoin could revisit daily resistance at $65,379 if the price breaks above the current consolidation zone around $64,700. A daily close above this level would open up a 7% chance of the rally extending to $70,079, its highest level since July 29.

On the daily chart, the Relative Strength Index (RSI) is trending higher at 65 and is trading above the neutral level of 50. As a rule, bullish momentum is increasing when the value is above 60. However, investors need to be cautious as the index approaches the overbought level of 70 points.

But if Bitcoin drops below the consolidation zone around $62,000 and stays there, the price could drop another 7% and retest the low of $57,610 reached on September 17.

After breaking above the descending trendline (formed by connecting successive highs from July 22), Ethereum’s price rose 3.9 percent the following day, closing above the daily resistance level of $2,461. This development suggests that the price may be headed for an uptrend. As of Wednesday, the price was selling at around $2,643, continuing to rise 3.5 percent over the next four days.

Ethereum is likely to retest the August 24 high of $2,820, which it reached on August 6, if the daily level around $2,461 holds as support.

As bullish momentum weakens, the relative strength index (RSI) on the daily chart tends to decline, very close to the 60 mark. A relative strength index (RSI) above 60 usually indicates that buyers are in control, which is necessary for the rally to continue.

However, Ethereum could continue to decline and retest the $2,152 low from September 6 if the price closes below the daily support at $2,461.

Ripple price is approaching two important levels.

For nearly eleven days, the key levels of $0.560 and $0.613 have acted as a trading range for Ripple, with the price remaining above an ascending trendline (created by connecting multiple lows from July 5). Its trading price is around $0.592 as of Wednesday.

After a retest of the daily resistance at $0.626, if Ripple breaks above this consolidation range at $0.613, it could then continue to rise. A retest of the high of $0.658 from July 31 would require a daily close above this level, which if achieved, could extend the rally by another 5%.

On a daily basis, the relative strength index (RSI) is trading at 57, well above the neutral level of 50. An extended rally requires the relative strength index (RSI) to cross above 60, which suggests that bulls are gaining momentum.

But the market structure would turn negative if Ripple price breaks below the rising trendline and closes below the daily support level of $0.544, as well as the consolidation zone around $0.560. If that happens, XRP would drop 7.5% and hit the low of $0.502 again, the level it reached on September 6.