This week, major cryptocurrencies are showing varied trends despite the overall bearish pressure at the start of the week.
BTC Overview
The rate of Bitcoin (BTC) has risen by 0.37% over the last 24 hours. Despite today's growth, the price looks bearish on the daily chart. There was a false breakout of the resistance level at $104,630. If the decline continues, one can expect a test of the vital $100,000 area soon. At press time, Bitcoin is trading at $103,333.
ETH Analysis
The price of Ethereum (ETH) has gone up by 0.24% since yesterday. On the daily time frame, the rate has once again bounced off the important zone of $4,000. If today's bar closes far from that mark, the correction may lead to the test of the $3,800 range by the end of the week. Ethereum is trading at $3,896 at press time.
XRP Dynamics
Unlike other coins, the rate of XRP has declined by 2.11%. From the technical point of view, the price is coming back to the support level of $2.1743. If buyers cannot seize the initiative soon, traders may witness a test of the $2.20 area. At present, XRP is trading at $2.360.
The price performance of major cryptocurrencies shows mixed results amid current market pressure. Investors should pay attention to technical support and resistance levels.
