Ethereum Prices Might Go Under $2,000 In The Near Future.
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Bitcoin, ETH, BNB, ADA, XRP Price Analysis - EtherDesk Exclusive.
2021-10-10 | Big Bob
Bitcoin Price chart - Source: Tradingview
If the pair breaks and closes over $56,100, it may move to $60,000, where bears may face tough resistance. If the price falls below the 50-day simple moving average (SMA) ($47,342), this bullish outlook would be invalidated. After that, the pair may retest the crucial 100-day SMA ($42,691) support. ETH/USDT - Technical Analysis Today, Ethereum (ETH) rebound broke over the immediate resistance level of $3,676.28, although bulls may struggle to keep the price above it. The RSI is near the downtrend line, which may function as a barrier.
Ethereum Price chart - Source: Tradingview
The 20-day EMA ($3,324) is the first support level if the price drops from its present level. A big comeback from this level will suggest that traders are buying on dips and the mood is still favorable. A rally to the severe overhead barrier at $4,027.88 will be more likely as a result. The ETH/USDT pair might drop below the 100-day SMA ($2,899) if the price falls below the 20-day EMA. BNB/USDT - Technical Analysis The bulls are fighting to keep Binance Coin (BNB) above $433, implying that greater levels of demand are dwindling. On Oct. 8, the price fell below $433 again, and bears are now attempting to push the price below the 20-day EMA ($409). The BNB/USDT pair might fall to the 100-day SMA ($379) if they succeed. With such a rise, the pair's chances of being range-bound between $320 and $450 over the next several days may improve.
Binance Coin Price chart - Source: Tradingview
If the price bounces off the 20-day EMA, on the other hand, it indicates that sentiment is still bullish and traders are buying on dips. The bulls will next try one more time to overcome the $450 overhead obstacle before continuing northward into $518.90. ADA/USDT - Technical Analysis. On Oct. 7, the bulls managed to push and close Cardano (ADA) above the 20-day EMA ($2.25) after numerous unsuccessful efforts in recent days. The extended wick on the day's candlestick, on the other hand, indicated that bears are aggressive at higher levels.
Cardano Price chart - Source: Tradingview
The recent price action has created a symmetrical triangle pattern, indicating that bulls and bears are split on the next directional move. The 20-day EMA ($2.47) and the 50-day SMA ($2.47) are both flat, and the RSI is close to 50, indicating that supply and demand are in balance. If the price rises and breaks over the triangle's resistance line, this demand will shift in favor of the bulls. The ADA/USDT pair may then rally to $2.47, where the bears could reclaim control. If this level is broken, a rally to $2.80 might be possible. XRP/USDT - Technical Analysis On Oct. 7, Ripple (XRP) formed an inside-day candlestick pattern, indicating that bulls and bears are undecided. On Oct. 8, bulls attempted to resolve the ambiguity to the upside but were unable to cross the 50-day SMA ($1.09).
Ripple Price chart - Source: Tradingview
After bulls push the price over the 50-day SMA or bear to drop the XRP/USDT pair below the 20-day EMA ($1.03), the next directional move might begin. If the 50-day SMA is broken and closed above, the way might be cleared for a surge above $1.41 USD.
