Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (4th June 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (4th 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 7599.34 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. As of now, the pair is trading at 7528.9 USD and is expected to grow soon.

BTC Price Chart 04/06/18
Source: TradingView

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

Major Support Level – 7523.89 USD

Major Resistance Level – 7753.82 USD

Ethereum (ETH)

Key Highlights

  • 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 600.45 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 594.67 USD and is expected to grow soon.

ETH Price Chart 04/06/18
Source: TradingView

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

Major Support Level – 595.05 USD

Major Resistance Level – 623.43 USD

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 0.655744 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 0.64765 USD and is expected to grow soon.

XRP Price Chart 04/06/18
Source: TradingView

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

Major Support Level – 0.646646 USD

Major Resistance Level – 0.703623 USD

Follow us on Telegram!

Leave a Response

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.