- Ether enjoying the best beginning of the year among the Top 3.
- XRP ignores Ripple Ltd selling, but not for long – possible falls ahead.
- The moving average structure indicates a weak market until the end of February.
Today's positive commentary comes from Tom Lee of Fundstrat Global Advisors, where he says that the Bitcoin could reach $40000 for this year.
The consolidation process continues in the crypto market.
The money is moving today towards the Ethereum Classic, positioned as the leader of net capital inflows with $4.89M in the last 24 hours. In the chapter on capital outflows, Bitcoin is the most affected with net outflows of $66.39M in the day.
ETH/BTC Daily Chart
The ETH/BTC pair is currently trading at the price level of 0.02256, moving in a very narrow range between resistances and supports. The upward movement of the ETH/BTC is proving to be a real picture of the overall market, faithfully signalling the upside and downside stretches.
The moving averages are crossing upwards and propose an upward trend for the medium and long term.
Above the current price, the first resistance level is at 0.023, then the second at 0.025 and the third one at 0.027.
Below the current price, the first support level is at 0.022, then the second at 0.020 and the third one at 0.019.
The MACD on the daily chart shows a loss of bullish momentum but retains the openness between the lines. The MACD on the daily chart shows a decline of upward momentum but keeps the opening between the lines.
The DMI on the daily chart shows the bulls are in a downward phase, although the bears are not reacting to the pair and remain at low levels of trend-line strength.
BTC/USD Daily Chart
BTC/USD is currently trading at the price level of $9790. After yesterday's bearish coverage figure in the daily candlestick, today we could expect a wide range drop if the first support level at $9650 is lost.
Above the current price, the first resistance level is at $10500, then the second at $11250 and the third one at $12800.
Below the current price, the first support level is at $9650, then the second at $9150 and the third one at $8800.
The MACD on the daily chart shows a depletion profile, losing the upward slope and the opening between the lines. The bullish forces driving the BTC/USD pair are capable of returning to the upside, no doubt, but this does not appear to be the case.
The DMI on the daily chart shows the bulls maintaining the trend line strength, while the bears are holding at shallow levels and do not appear to be a threat to the buy-side.
ETH/USD Daily Chart
ETH/USD is currently trading at $221.7 and is accelerating its decline from yesterday's lows on the daily chart's candlesticks.
Above the current price, the first resistance level is at $223, then the second at $228.5 and the third one at $233.
Below the current price, the first support level is at $223, then the second at $213 and the third one at $203.
The MACD on the daily chart shows how the fast average is losing its bullish profile even though the opening between the lines remains. The current structure allows the upside to continue also though it is depleting.
The DMI on the daily chart shows bulls defending the medium-term bullish trend, while bears are improving slightly and remaining at low levels.
XRP/USD Daily Chart
The XRP/USD pair is currently trading at the price level of $0.2713 and is unaffected by the sales of XRP by Ripple Ltd.
Above the current price, the first resistance level is at $0.283, then the second at $0.288 and the third one at $0.30.
Below the current price, the first support level is at $0.253, then the second at $0.24 and the third one at $0.22.
The MACD on the daily chart is about to cross a bearish cross, at which point the fall could accelerate and look for the $0.24 level
The DMI on the daily chart shows the bears getting closer to the bulls' positions, confirming what the MACD announces and a search for lower price levels.
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Who is Satoshi? Crypto lawyer sues DHS to reveal Satoshi Nakamoto's identity
Crypto attorney James Murphy, popularly known as "MetalLawMan", files a lawsuit against DHS to reveal Satoshi Nakamoto's identity. The lawsuit is based on Special Agent Rana Saoud's 2019 claim that the DHS had uncovered the creator of Bitcoin.
Binance to delist BADGER, BAL, 12 more tokens on April 16
Binance will delist 14 tokens on April 16 following a successful vote and standard delisting processes. TROY, SNT, and UFT top Binance’s first batch of the vote to delist results. Binance token delisting will impact futures, margin, loan and simple earn services.
Bitcoin Price Forecast: MicroStrategy’s SEC form 8-K filing hints at possible Bitcoin sales to meet financial obligations
Bitcoin price stabilizes around $80,000 on Tuesday after reaching a new year-to-date low of $74,508 the previous day. MicroStrategy’s SEC Form 8-K filing reports a loss of $5.91 billion, hinting at possible BTC sales to meet financial obligations.
Top 3 gainers Fartcoin, Hyperliquid and Telcoin: Asian session sparks tariff relief rally in meme coins and DeFi
The cryptocurrency market is experiencing a tariff relief rally, with altcoins like Fartcoin, Hyperliquid (HYPE) and Telcoin (TEL) bouncing back with double-digit gains. Fartcoin has jumped 28% in the past 24 hours, reaching $0.5801.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.