Will today's decline be followed by future price growth? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
for a long time on the daily chart. At the moment, one needs to pay attention to the zone of around $20,500. If buyers can hold it, there are chances to see them bounce back. Thus, the selling volume is low which means that bears are not powerful enough yet.Ethereum is more loser than Bitcoin as the drop of the main altcoin has made up 2.83%.Ethereum has also lost its vital level at $1,200. However, there are no reasons for panic as the price remains trading above the $1,100 mark.
In this case, the more likely scenario is the false breakout of the $1,150 zone, followed by a sharp rise. If that happens, traders might see the rate of ETH around $1,300 within the nearest weeks.XRP is the biggest loser from the list today as the decline has accounted for almost 3%.Despite the decline, XRP has remained bullish as the rate has successfully tested the recently formed mirror level at $0.3465. Until the price is above it, there are more chances to see the growth than the fall.
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