Price Analysis 7/3: BTC, ETH, XRP, BCH, BSV, LTC, ADA, BNB, EOS. CRO
The bulls could not propel Bitcoin (BTC) above the 20-day exponential moving average ($9,270), which shows that the bears are aggressively defending this resistance. Ether (ETH) again turned down from the 20-day EMA ($230) on July 2, which suggests that the bears are selling on minor rallies to critical overhead resistance levels.
The bears might defend the 50-day SMA ($0.193) aggressively but if the bulls can push the price above it, a trend change is likely. The failure of the bears to even drag the price to the 20-day EMA ($0.117) suggests that the bulls are not in a hurry to book profits as they expect the uptrend to resume.