Ethereum Prize Highlights

The Ether price did not move above $545 and fell against the US dollar.
The main bullish trend line this week with support breached at $518 on the hourly chart
ETH is now well below $530 and the 100-hour SMA, which is a declining sign
Technical indicators Signals


The price once again tried to break the resistance at $545, but buyers could not use enough power to gain momentum. As a result, there was a bearish reaction and the price fell below $540 and $530. During the drop, the week’s main bullish trend line was breached, leaving the support level on the hourly chart at $518. ETH moved below the $530 mark and the 100 Hours SMA, confirming the strong sales pressure. If the price moves further down, it could break the support level at $508-510 and drop towards $500.

Ethereum Chart from TradingView

Ethereum price analysis with Bitcoin Code

Looking at the graph, the recent fall is a sign of resistance’s rejection at $545. That’s why the most important support level with Bitcoin Code today is $500. The MACD is now back in the declining zone. The RSI has reached the oversold zone, so the price may recover somewhat in the near future. The highest support level is $500, while the resistance is $530.

Ripple Price Highlights
The Ripple price could not gain momentum and broke support at $0.5400
Yesterday’s highlighted major upwards channel with support at $0.5350 on the hourly chart has been breached
XRP is back in a bearish zone and could move further towards $0.5150

Technical indicators Signals

Yesterday, the Ripple price tried to break the resistance of $0.5500. XRP could not move above $0.5500 and $0.5505, leading to a downward movement. The price went down and Bitcoin Code broke some important support zones . Ripple was even traded below $0.5350 support and 100 hours SMA. More importantly, however, the upwards channel was breached yesterday at $0.5350 on the hourly chart. The current price is below $0.5300 and the 100-hour SMA. XRP could continue to drop towards $0.5150.


Ripple Chart from TradingView

Ripple price analysis
Looking at the chart, the price is clearly in a bearish zone below the $0.5300 level. If sellers continue to go into action, there is even a chance that the Ripple price will re-test support levels at $0.5100. On the other hand, the broken support at $0.5350 and the 100-hour SMA should act as resistance. The MACD is now back in the declining zone. The RSI is now close to oversold conditions, so sales pressure may ease somewhat in the future. The highest support level is $0.5100, while the resistance is $0.5350.