Key Moments
- Bitcoin (BTC) traded around $74,500 on Monday, holding above the 50-day EMA at $71,893 and a reclaimed downtrend line near $72,940.
- Ethereum (ETH) changed hands near $2,280, maintaining a slight bullish tone above its 50-day EMA at $2,210 after breaking out of a horizontal channel.
- XRP traded at $1.40, up 5% week-on-week but still below its 50-day EMA at $1.41, with a cluster of moving averages overhead reinforcing a medium-term bearish bias.
Market Overview
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) advanced more than 4%, 3% and 5%, respectively, in the previous week. Over the weekend, renewed US-Iran tensions in the Strait of Hormuz injected fresh uncertainty into global risk sentiment. Against that backdrop on Monday, BTC held near $74,500, ETH traded close to an important support area, and XRP slipped below a key technical floor.
Bitcoin Technical Picture: Bullish Bias Above Key Averages
Bitcoin was quoted around $74,500 on Monday, extending a rally that has lasted three weeks. The near-term outlook remains constructive as price trades above the 50-day Exponential Moving Average (EMA) at $71,893 and has converted a former downtrend resistance line tied to a triangle pattern near $72,940 into support.
BTC is also consolidating just above the 38.2% Fibonacci retracement at $74,487. The Relative Strength Index (RSI) sits at 57, and the Moving Average Convergence Divergence (MACD) line is still in positive territory, indicating that upside pressure is present even as the pace of gains moderates.
Bitcoin – Key Technical Levels
| Indicator / Level | Value (USD) |
|---|---|
| Current price (Monday) | $74,500 |
| 50-day EMA | $71,893 |
| 100-day EMA | $75,272 |
| 200-day EMA | $82,754 |
| 38.2% Fibonacci retracement | $74,487 |
| 50% Fibonacci retracement | $78,962 |
| 61.8% Fibonacci retracement | $83,437 |
On the upside, initial resistance is located at the 100-day EMA near $75,272. A tighter ceiling is defined by a horizontal barrier around $75,680 and the top of a rising channel near $75,766. A daily close above this resistance cluster would clear the way toward the 50% retracement at $78,962, followed by the psychological $80,000 threshold, then the 200-day EMA at $82,754 and the 61.8% retracement around $83,437.
Support on the downside starts at the 38.2% retracement at $74,487, followed by the reclaimed downtrend line around $72,940 and the 50-day EMA at $71,893. A deeper correction would bring the 23.6% retracement at $68,950 into view, along with a wider support zone defined by a prior breakout region near $67,957, before the next horizontal floor at $62,950.
Ethereum: Holding Above 50-day EMA After Breakout
Ethereum traded around $2,280 on Monday, after gaining more than 3% in the previous week. The token maintains a slightly positive technical stance, with price above the 50-day EMA at $2,210 and a recent breakout above the top of a horizontal channel near $2,148.
The daily RSI near 54 signals constructive, but not overstretched, momentum. At the same time, the MACD remains modestly above the zero line, implying that upward pressure persists, although recent histogram behavior indicates that the impulse is becoming more measured.
Ethereum – Key Technical Levels
| Indicator / Level | Value (USD) |
|---|---|
| Current price (Monday) | $2,280 |
| 50-day EMA | $2,210 |
| 100-day EMA | $2,353 |
| 200-day EMA | $2,641 |
| 23.6% Fibonacci retracement | $2,138 |
On the downside, near-term support is concentrated in the breakout region between the 50-day EMA at $2,210 and the reclaimed channel boundary around $2,148, followed by the 23.6% Fibonacci retracement of the larger advance at $2,138. A decisive move below this area would point toward the channel floor near $1,747.
On the topside, the first notable resistance lies at the 100-day EMA at $2,353, followed by the 38.2% retracement at $2,380. Higher up, the 200-day EMA at $2,641 represents a more important level that would need to be breached to indicate a more durable bullish phase.
XRP: Modest Rebound Within a Broader Downtrend
XRP traded at $1.40 on Monday, up 5% from the previous week. Despite that recovery, the token remains confined within a larger downward channel and faces a dense concentration of EMA resistance just above current levels. Price continues to trade below the 50-day EMA at $1.41, with the 100-day EMA at $1.54 and the 200-day EMA at $1.80 positioned higher, collectively sustaining a medium-term bearish setup even after the recent bounce.
Momentum has improved, with the daily RSI hovering around a neutral 53 and the MACD line holding above zero. This suggests that selling pressure is easing, but has not yet translated into enough strength to regain the key moving averages.
XRP – Key Technical Levels
| Indicator / Level | Value (USD) |
|---|---|
| Current price (Monday) | $1.40 |
| 50-day EMA | $1.41 |
| 100-day EMA | $1.54 |
| 200-day EMA | $1.80 |
| Horizontal support | $1.30 |
| Channel floor | $0.85 |
| Upper channel boundary | $1.66 |
| Horizontal resistance | $1.90 |
On the upside, immediate resistance is centered at the 50-day EMA near $1.41. A daily close above that level would pave the way for a move toward the 100-day EMA at $1.54 and the upper boundary of the descending channel around $1.66, before targeting a more distant horizontal barrier at $1.90.
On the downside, initial support is located near a horizontal level around $1.30. A break below that would bring the channel floor near $0.85 into focus, where buyers would likely seek to defend the market more aggressively if the broader downtrend reasserts itself.
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