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Analysis of prices for BTC, ETH, XRP (08.04.21)


BTC / USD

Buyers tried to recover the price yesterday morning, but could not overcome the 2-hour EMA55.

Sellers increased their volumes from the level of average prices and by the end of the day the pair’s decline reached 55440.00 USD. The price bounced off this April low overnight and recovered to the USD 56,000.00 area. Recovery is proceeding slowly, at decreasing volumes.

Buyers will try to bring the pair back to the moving average EMA55 this morning. In the afternoon, the decline may resume, and if the bears intensify the onslaught, the price will break through the support of 55000.00 USD and renew the monthly minimum around 54000.00 USD.

ETH / USD

Trading volumes were low yesterday morning and the pair was moving sideways for some time. The onslaught of sellers began to be felt in the first half of the day, and the Ethereum price rolled back below the psychological mark of 2000.00 USD.

In the afternoon, the pressure increased and the pair marked a local minimum at the point of 1930.00 USD. The rebound was not high and the day ended with consolidation around the 1980.00 USD mark.

Volumes decreased tonight and consolidation continued until morning.

If sellers form the same bearish momentum today as yesterday, the pair will roll back to the support of 1860.00 USD.

XRP / USD

Yesterday, the pair failed to gain a foothold above the psychological level of $ 1 per coin. The bears rolled back the price below the support of 0.900 USD, setting the daily low at 0.855 USD.

After the rebound, the pair tried to consolidate slightly above the support of 0.900 USD, but today the bears may push through this weak support and continue the pullback to the 0.800 USD level. We believe that in the area of ​​average prices the decline will slow down and the volatility of the pair will decrease.

* All prices are based on BitStamp data

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