Ethereum price started a fresh increase above the $2,520 zone. ETH is now back above $2,550 and might soon aim for more gains. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,565 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,520 zone in the near term. Ethereum Price Eyes More Gains Ethereum price started a fresh increase above the $2,520 zone, like Bitcoin . ETH price gained pace for a move above the $2,550 resistance zone and entered a positive zone. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. Besides, there was a break above a key bearish trend line with resistance at $2,520 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,565 and the 100-hourly Simple Moving Average . On the upside, the price could face resistance near the $2,600 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,636 swing high to the $2,475 low. The next key resistance is near the $2,620 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone or even $2,800 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,600 resistance, it could start a fresh decline. Initial support on the downside is near the $2,550 level. The first major support sits near the $2,520 zone. A clear move below the $2,520 support might push the price toward the $2,500 support. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,350. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,520 Major Resistance Level – $2,600
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XRP is on the verge of breaking through the critical $2.33 resistance, signaling potential momentum toward the $2.60 Fibonacci target amid rising trading volumes. The surge in daily volume by
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Bitcoin price started a fresh increase above the $108,500 zone. BTC is now consolidating and might aim for more gains above the $110,000 resistance. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $108,350 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase after it settled above the $107,500 resistance. BTC cleared many hurdles near $108,000 to start a decent increase. The bulls pushed the price in a positive zone above the $108,500 level. The price gained pace for a move above the 50% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. Besides, there was a break above a key bearish trend line with resistance at $109,350 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $109,750 level. It is close to the 76.4% Fib retracement level of the downward move from the $110,515 swing high to the $107,299 low. The first key resistance is near the $110,000 level. A close above the $110,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $113,200 level. The main target could be $115,000. Downside Correction In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,800 level. The first major support is near the $108,350 level. The next support is now near the $107,250 zone. Any more losses might send the price toward the $106,400 support in the near term. The main support sits at $105,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,800, followed by $108,350. Major Resistance Levels – $110,000 and $110,500.
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Hyper, recognized as the leading entity with the highest win rate in the crypto trading arena, has strategically expanded its BTC long positions. The firm has augmented its holdings by