Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On the daily chart, bulls are trying to seize the initiative. However, it is too early to think about a reversal. Even if the candle closes in the green zone, there are low chances of a sharp upward move. Meanwhile, sideways trading in theFrom the technical point of view, the rate of ETH is trading similarly to BTC. The price is far from the main levels, which means neither buyers nor sellers are dominating. Thus, the volume is declining, confirming the absence of energy. All in all, traders are unlikely to see sharp ups or downs in the short term.On the daily chart, the price of XRP is looking neither bullish nor bearish. None of the sides has accumulated enough energy yet. If buyers want to restore the lost initiative, they need to get the rate back to the $2.40 area. Only in that case is there a chance to see an ongoing midterm rise
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