Key Moments
- Bitcoin, Ethereum, and XRP traded around key technical levels on Monday after weekly gains of 23.58%, 31.31%, and 53.02%, respectively.
- Momentum indicators for BTC, ETH, and XRP remained firmly positive but showed overbought readings, pointing to rising odds of consolidation or a pullback.
- Bitcoin’s $80,000, Ethereum’s $2,500-$3,000, and XRP’s $1.900 levels stood out as key resistance zones that could trigger profit-taking.
Bitcoin: Strong Uptrend Meets Overbought Signals
Bitcoin (BTC) traded near $77,000 on Monday, maintaining a bullish tone but looking extended after a 23.58% jump over the previous week. BTC hovered around $77,150, well above its major Exponential Moving Averages (EMAs), underscoring a firmly supported uptrend.
The 50-day EMA stood at $66,773, the 100-day EMA at $67,408, and the 200-day EMA at $71,834, all positioned clearly below the spot price. This configuration highlighted substantial underlying support, while the horizontal level at $80,000 was identified as the next upside reference in the current accelerated phase.
Momentum indicators suggested that buying pressure remained dominant but increasingly overheated. The Relative Strength Index (RSI) held in overbought territory at 78, and the Moving Average Convergence Divergence (MACD) was “deeply positive,” signaling strong upside momentum alongside a growing risk of a corrective pause.
On the downside, any retracement was likely to first focus on the 200-day EMA near $71,834, followed by additional support at the 100-day EMA at $67,408 and the 50-day EMA at $66,774. On the topside, a sustained push toward the $80,000 region would preserve the broader uptrend even amid stretched momentum readings.
| Asset | Spot Price (Monday) | 50-day EMA | 100-day EMA | 200-day EMA | Key Resistance | RSI |
|---|---|---|---|---|---|---|
| Bitcoin (BTC/USDT) | $77,150 | $66,773 | $67,408 | $71,834 | $80,000 | 78 |
| Ethereum (ETH/USDT) | $2,415 | $1,984 | $1,973 | $2,142 | $2,500 / $3,000 | ~76 |
| XRP (XRP/USDT) | $1.467 | $1.141 | $1.181 | $1.350 | $1.900 | 78 |
BTC/USDT daily chart
Ethereum: Uptrend Intact as Price Tests Overbought Territory
Ethereum (ETH) traded around $2,415 on Monday, with price action firmly above its key EMAs and preserving a constructive short-term outlook. The token had surged 31.31% over the past week, leaving momentum indicators stretched.
ETH remained comfortably above the 50-day, 100-day, and 200-day EMAs, with the short- and medium-term EMAs clustered below spot, reinforcing the perception of a well-supported trend higher. The RSI hovered near 76, pointing to overbought conditions, while the MACD stayed decisively positive, confirming robust upside momentum despite the potential for a cooling phase.
On the upside, the first notable resistance was identified at the horizontal area around $2,500, followed by a more substantial ceiling near $3,000. On the downside, the current trading zone offered initial support, with stronger backing from the 200-day EMA near $2,142 and the psychological $2,000 level.
Further below, the 50-day EMA near $1,984 and the 100-day EMA around $1,973 were expected to provide additional demand before any move toward the more distant structural floor at $1,385.
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