BTC, ETH, XRP key level contest! Bitcoin and Ripple are holding support, while Ethereum is consolidating at a high level.

This week, the cryptocurrency market opened cautiously, with the three major mainstream tokens Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) engaging in a tug-of-war at critical price levels. BTC and XRP are oscillating near important support levels, while ETH has entered a consolidation phase after reaching a historical high, and the market may be poised for a directional breakthrough.

Bitcoin (BTC): 100 Day EMA as the Bull-Bear Divide

(Source: Trading View)

Current Price: Approximately 112,852 USD

Recent trend: Last Friday, BTC rebounded by 3.94% after finding support at the 100-day EMA (110,865 USD), but the following day it encountered resistance at the trend line, falling back by 3.42%.

Technical Indicators:

RSI: 43, breaking below neutral 50, indicating strengthened bearish momentum.

MACD: A death cross appeared last week, supporting the bearish perspective.

Key support level: $110,865 (100-day EMA), if lost, it may fall towards $103,701 (200-day EMA)

Upward target: If support is maintained and a rebound occurs, the primary challenge is the resistance level of $116,000.

Ethereum (ETH): High-level consolidation after historical new high

(Source: Trading View)

Current price: approximately 4,747 USD

Recent Trend: After gaining support at 4,232 USD last Thursday, it surged by 14.36%, reaching a new historical high of 4,956 USD on Sunday.

Technical Indicators:

RSI: 64, above neutral zone, indicating strong bullish momentum

MACD: A golden cross appeared on Saturday, supporting the continuation of the bullish trend.

Upside target: If it breaks through 4,956 USD, it is expected to challenge the 5,000 USD round number and set a new high.

Retracement risk: If it encounters resistance and falls back, pay attention to the 4,488 USD support level.

Ripple (XRP): 2.99 USD support level becomes a key defense line

(Source: Trading View)

Current price: Approaching 2.99 USD

Recent Trend: After rebounding 7.8% last Friday at $2.78 (50% retracement level), it closed above $2.99 (61.8% retracement level) and slightly retraced over the next two days.

Technical Indicators:

RSI: Close to 50, indicating cautious market sentiment.

MACD: Continuing to converge, reflecting a wait-and-see stance from bulls and bears.

Upward target: If it holds above $2.99, or rebounds to challenge the resistance at $3.40.

Downside risk: A drop below $2.99 may test the $2.78 support level again.

Comprehensive Observation and Trading Ideas

BTC: The 100-day EMA is the dividing line between bulls and bears. Holding it could lead to a rebound, while losing it may expand the decline.

ETH: Bullish momentum remains strong, but short-term pullbacks should be guarded against during the high-level consolidation period.

XRP: $2.99 is a key short-term defense line, and falling below it will open up space for a pullback.

Short-term traders should pay attention to the breakthroughs and stability of these key price levels, while medium- to long-term investors need to monitor macro market sentiment and capital flow, as this will determine the final outcome of the bullish and bearish forces.

Conclusion

Currently, BTC, ETH, and XRP are all at critical positions technically, and the trend in the next few trading days may determine the overall direction of the market this week. Investors should closely monitor the performance of support and resistance levels and carefully formulate trading strategies based on technical indicator signals.