Price Analysis 7/1: BTC, ETH, XRP, BCH, BSV, LTC, BNB, ADA, CRO, EOS
The rebound off $216.06 has reached the 20-day EMA ($230), which is likely to act as a stiff resistance, but if the bulls can push Ether (ETH) above this resistance a rally to $253.556 is possible. However, if buying picks up and the bulls are able to push the price above both moving averages, a rally to the resistance of the $39–$51 range is possible.
If the eighth-ranked crypto-asset on CoinMarketCap turns down from the current levels or the 20-day EMA, the bears will attempt to sink the price below the immediate support at $14.80. If the bears sink the 10th-ranked cryptocurrency on CoinMarketCap below the 20-day EMA ($0.116), it will be the first warning that the uptrend is weakening.