Ethereum price broke the $133-134 major resistance area. The price has settled into a more positive zone above the $134 key resistance. The ETH/USD pair is correcting lower and may find strong buying interest around the $134 level.
During the week, there were swing moves heading towards $128 in Ethereum price. Later, the pair found support at the $129 and $130 level. Buyers found a way to break the $132 resistance and entered the positive zone. ETH price broke the $134 level as upside move strengthened. This opened up more opportunities for more upsides above $134.
Also, the resistance of $133 saw a break above the main contracting triangle. The ETH/USD pair crossed the $140 resistance level and traded near another resistance zone of $144. This formed a high below the $144 level, but a downside correction followed it.
On the other hand, the 50% Fib retracement level from the low of $128 to the high of $144 is near the $135 support level. If ETH price continues the downward movement, it could find support close to the $134 or 135 level. Any other downside movement will mean a move back to the bearish zone.
Ethereum (ETH) Price Today – ETH / USD
XRP price analysis
Yesterday, the crypto market was in the green, and many top coins rode the bull. Ethereum, Bitcoin and XRP were part of the top gainers. Bitcoin even broke the $4,000 level, and XRP experienced a price hike despite being stuck for a long time.
One the chart, the indicators show that XRP would continue to enjoy a bull run for the short term. In the long term, it isn’t clear if the bears will take over.
XRP (XRP) Price Today – XRP / USD
Litecoin price analysis
The bull market the crypto market is enjoying also saw a rise in Litecoin price. The digital currency traded at $61,55 at press time with 24-hour gains of up to 7 percent. LTC also surged by 3.27 percent in the BTC market according to data from Coinmarketcap.
Analysts predicted that Litecoin could take the place of EOS considering the registered gains in the market. Litecoin defeated EOS with a $3.7 billion market cap. It took the fourth spot with a daily trading volume of over $2billion.
Litecoin has been on a roll since it hit the yearly low last year with Bitcoin. It surged from $23 by 165% in just three months. In the short term, the bulls are taking charge.
Litecoin (LTC) Price Today – LTC / USD
Tron price analysis
The crypto market saw the bears bid goodbye and the bull take charge during this past week. Tron benefitted from the bull run and has managed to progress. The tenth largest coin in the crypto market when it comes to market cap was valued at $0.0235 at press time. Its market cap is 1.57 billion. Also, the token has a 24-hour trading volume of about $174 million. The growth of the token was approximately 4.01% in that period. This past week, Tron has risen by 4.33%. at the time of this writing, TRX noted a growth of 0.16%
From the indicators on the one hour and one day chart, we expect a bullish market. Considering the previous trends, the reentry of the bears into the market is still a possibility.
TRON (TRX) Price Today – TRX / USD