Has crypto market returned to bearish trend? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch
If it happens below the low of $29,122, the accumulation might be enough for a breakout of the nearest support level at $28,936.Ethereum has followed the drop of Bitcoin , falling by 6.27%.
From the technical point of view, Ethereum is trading similarly to Bitcoin as the rate is also below the vital level of $2,000. Currently, traders should focus on the support at $1,942. If a false breakout happens, there is a chance to see a bounce back to the $2,040 area.XRP is not an exception to the rule, going down by 4.76%.
On the daily time frame, the price of XRP has bounced off the support level at $0.4824. If the bar closure occurrs far form this mark, traders are likely to see a local growth to the $0.52 zone.The price of Binance Coin has dropped by 5.25% over the last 24 hours. The price of BNB has returned to the middle of the wide channel after a failed attempt to fix above the resistance at $346.3. If the candle closes with no wicks, the decline may continue to $316 as there are no prerequisites for a bounce back yet.
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