Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Summary (6th June 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Summary (6th June 2018)

Bitcoin (BTC)

Key Highlights

  • Bitcoin price has declined against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 7539.89 USD on the hourly chart of the BTC/USD pair.
  • We predict that the pair would grow soon.

The price of the BTC/USD pair has declined today. The cryptocurrency fell from being traded at 7631.52 USD to being traded at 7532.47 USD in just five minutes! As of now, the pair is trading at 7524.0 USD and is expected to grow soon.

BTC Price Chart 06/06/18
Source: TradingView

Hourly MACD – The hourly MACD for BTC/USD is bullish.

Major Support Level – 7503.65 USD

Major Resistance Level – 7666.36 USD

Ethereum (ETH)

Key Highlights

  • The price of Ethereum against the dollar has declined today.
  • There is a short-term bearish trend line forming with resistance at 599.36 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would see a dip soon.

The ETH price against the US dollar has declined in the last 24 hours. It dipped from being traded at 611.64 USD to being traded at 597.33 USD in under an hour. As of now, the cryptocurrency is being traded at 597.22 USD and is expected to decline further soon.

ETH Price Chart 06/06/18
Source: TradingView

Hourly MACD – The hourly MACD for ETH/USD is bullish.

Major Support Level – 596.40 USD

Major Resistance Level – 611.64 USD

[Read: Ethereum Software Parity Urges Users to Update After Uncovering Critical Bug]

Ripple (XRP)

Key Highlights

  • The price of Ripple has declined against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 0.665228 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair would decline further soon.

The XRP price against the US dollar has declined in the last 24 hours. It dropped from being traded at 0.681668 USD to being traded at 0.662143 USD in under an hour! As of now, the cryptocurrency is being traded at 0.66159 USD and is expected to decline further soon.

XRP Price Chart 06/06/18
Source: TradingView

Hourly MACD – The hourly MACD for XRP/USD is bullish.

Major Support Level – 0.660059 USD

Major Resistance Level – 0.682104 USD

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*This is only an estimated view and not financial gospel. Please invest at your own discretion*

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.