Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Summary (7th June 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Summary (7th June 2018)

Bitcoin (BTC)

Key Highlights

  • Bitcoin price has grown against the US dollar today.
  • There is a short-term bullish trend line forming with resistance at 7716.01 USD on the hourly chart of the BTC/USD pair.
  • We predict that the pair would decline soon.

The price of the BTC/USD pair has grown against the US dollar today. As of now, the pair is trading at 7711.33 USD and might grow soon because of Susquehanna International Group. The American global trading and technology firm is opening crypto trading to its clients—in the form of Bitcoin (BTC) futures!

BTC Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 7502.01 USD

Major Resistance Level – 7741.27 USD

Ethereum (ETH)

Key Highlights

  • The price of Ethereum against the dollar has grown today.
  • There is a short-term bullish trend line forming with resistance at 610.23 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 grown in the last 24 hours. As of now, the cryptocurrency is being traded at 604.14 USD and might decline soon. The reason for the decline would be the critical issue that the Ethereum Parity Full Nodes are suffering from. Ethereum Parity is currently being maintained by Parity Technologies.

ETH Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 596.40 USD

Major Resistance Level – 616.14 USD

[Also Read: Cardano (ADA), Stellar (XLM), TRON (TRX) Price Summary (7th June 2018)]

Ripple (XRP)

Key Highlights

  • The price of Ripple has grown against the US dollar today.
  • There is a short-term bullish trend line forming with resistance at 0.683979 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair would grow further soon.

The XRP price against the US dollar has grown in the last 24 hours. As of now, the cryptocurrency is being traded at 0.67698 USD and might grow further soon. The reason behind the growth would be the Ripple CEO’s tweet saying that Ripple transactions are a thousand times faster than BTC transactions.

XRP Price Chart 07/06/18
Source: TradingView

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

Major Support Level – 0.660059 USD

Major Resistance Level – 0.688223 USD

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*This is only an estimate 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.