Bitcoin (BTC) price shows weakness as it approaches a key hurdle. Rejection for BTC could prompt altcoins like Ethereum (ETH) and Ripple (XRP) to cras
Bitcoin price faces rejection at $28,485 hurdle and looks ready to slide lower. Ethereum price sits above a key support area of $1,551, a breakdown of which could see ETH revisit $1,309. Ripple price retests the $0.500 foothold with $0.469 and $0.420 barriers ready to support incoming selling pressure. h lower as well.
But the RSI and AO indicators have already breached their respective mean levels of 50 and 0, suggesting a surge in bearish momentum. Going forward, investors can expect Ethereum price to revisit the next support level of $1,309. Read More:Ethereum price tests crucial support at $1,570 as ETH becomes a polarizing topic ETH/USDT 1-day chart Regardless of the bearish signs, if external factors like news or macro events produce a strong bullish spike, it could shift the winds quickly.
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