Market Overview
ETH shows signs of a slight trend reversal after last week's gains, with Monday's bearish start erasing Sunday's progress. Trading volume has spiked by 32% across the crypto market, suggesting profit-taking. The global market cap dips slightly, but optimism persists (Fear & Greed Index: 52). Key events like Jobless Claims and Eurozone CPI could influence trends.
Key Levels to Watch
- ETH: Critical support at $2,400; MACD hints at potential reversal.
- BTC: CME gap at $106,400; RSI indicates selling pressure.
- XRP: Fragile at $2.10–2.30; bullish MACD convergence.
- BNB: Eyes $660 resistance; low volatility.
- SOL: Bollinger bands warn of decline; $168 high in sight.
- DOGE: Stable at $0.161; targets $0.17.
- ADA: Bullish divergence; aims for $0.60.
BTC/USD Analysis
Current Price: ~$107k
- Support: $106,400 (CME gap).
- Resistance: $110k.
- 4-Hour Chart: Bollinger bands thinning—breakout likely within 48 hours.
- RSI: Declining due to selling pressure.
👉 Bitcoin’s next major move could hinge on this key level
ETH/USD Analysis
Current Price: ~$2,450
- Support: $2,380–$2,400.
- Resistance: $2,600.
- MACD: Bearish convergence but nearing reversal.
- RSI: Reflects growing sell sentiment.
XRP/USD Analysis
Current Price: ~$2.20
- Support: $2.10.
- Resistance: $2.30.
- MACD: Green signal; bullish convergence.
BNB/USD Analysis
Current Price: ~$650
- 14-Day High: $660.
- Volatility: Low; RSI rising.
- Outlook: Break above $670 or retrace to $640.
SOL/USD Analysis
Current Price: ~$157
- Support: $150.
- Resistance: $168.
- Bollinger Bands: Warn of further decline.
👉 Solana’s critical levels to watch this week
DOGE/USD Analysis
Current Price: ~$0.161
- Target: $0.17.
- MACD: Sell signal; RSI rising.
ADA/USD Analysis
Current Price: ~$0.58
- MACD: Bullish divergence.
- Target: $0.60.
- RSI: Reflects investor optimism.
FAQ Section
Q1: What’s driving ETH’s trend reversal?
A1: Profit-taking and low support at $2,400.
Q2: Will BTC fill the CME gap?
A2: Likely, if selling pressure continues.
Q3: Is ADA’s uptrend sustainable?
A3: Yes, if MACD bullish divergence holds.