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After a weekend correction, most of the coins are back in the green. Ethereum (ETH) is the only exception, having fallen 2 percent since yesterday.
Top coins by CoinMarketCapBTC/USD
The price of Bitcoin (BTC) has remained mostly flat since yesterday. The price change is +0.73%.
Despite yesterday's drop, the long-term picture remains bullish as bears have failed to gain footing below the $53,000 mark. In addition, the current bounce was accompanied by the increasing trading volume, which means that there is a high chance of seeing a retest of the resistance around $58,500 soon.
Bitcoin is trading at $56,017 at press time.
Ethereum (ETH) is the only coin in the red today. The chief crypto has dropped by 2 percent.
Ethereum (ETH) is looking more bullish than Bitcoin (BTC) even though it is in the red zone now. After a false breakout at $3,500, the bulls have won back the lost positions, currently consolidating around $3,350-$3,400.
If Ethereum (ETH) keeps trading above this range, one might see a breakout and new peaks soon.
Ethereum is trading at $3,356 at press time.
XRP has not followed Ethereum's short-term decline, having increased 8 percent.
XRP has bounced off the support at $1.35, having confirmed the buyers' presence. From a technical point of view, there are chances to achieve the closest resistance at $1.66. However, one should not expect a fast breakout as the increase is not supported by high trading volume.
XRP is trading at $1.57 at p ...
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