ETH Rally Don Stop; Golden Cross No Work; BTC >$100K, XRP Dey Bounce Back
Ethereum recent jump reach $2,420 on hope say dem go stop fight don cool down as 50-day moving average golden cross no fit hold, wey make ETH drop under main support for around $2,245 and also under e 50- and 100-day EMAs. Weak volume plus dem no gree for $2,600 make people doubt if e go continue to rise. Meanwhile, Bitcoin drop under $100,000 and 100-day EMA before e sharp recovery like V-shape bring am back pass $100,000. Heavy buying pressure show say people dey accumulate, if e break above ~$106,000, e fit drive BTC go $105,000–$110,000. XRP nearly break $2.00 support but e bounce back to around $1.90 as volume rise, which mean people dey buy for lower level and e fit test $2.17–$2.23 again. Traders suppose watch ETH as e try $2,500 resistance, BTC move pass $106,000, and XRP follow-up to confirm say market wan go up.
Bearish
Ethereum no fit keep di gains and e tear down under key EMAs and support levels, e mean say di bullish momentum for ETH dey weak, dis one come show say short-term pressure go dey down. Even tho BTC and XRP dey show say dem dey recover and people dey accumulate, di technical wahala wey ETH get block im own outlook. Long term, new catalysts fit bring back di bullish mind, but traders suppose still dey careful until ETH fit carry back major moving averages and resistance levels.