Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (1st June 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (1st June 2018)

Bitcoin (BTC)

  • Bitcoin price has declined against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 7559.66 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 seen quite a decline today. As of now, the pair is trading at 7404.3 USD and is expected to decline soon.

BTC Price Chart 01/06/18
Source: TradingView

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

Major Support Level – 7407.34 USD

Major Resistance Level – 7604.73 USD

Ethereum (ETH)

  • The price of Ethereum against the dollar has seen a little decline today.
  • There is a short-term bullish trend line forming with resistance at 577.40 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would grow soon.

The ETH price against the US dollar has seen a decline in the last 24 hours. As of now, the cryptocurrency is being traded at 573.99 USD and is expected to grow soon.

ETH Price Chart 01/06/2018
Source: TradingView

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

Major Support Level – 571.38 USD

Major Resistance Level – 589.09 USD

Ripple (XRP)

  • The price of Ripple has declined against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 0.612063 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair would grow soon.

The XRP price against the US dollar has declined in the last 24 hours. As of now, the cryptocurrency is trading at 0.61115 USD and is expected to grow soon.

XRP Price Chart 01/06/18
Source: TradingView

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

Major Support Level – 0.606648 USD

Major Resistance Level – 0.620764 USD

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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.