The state of the crypto-currency market. Ethereum and Bitcoin Cash updated the historical maximum

In today’s trading most of the world’s crypto-currencies show a decline, which in turn generates demand for the world’s top three crypto-currencies. Over the past 24 hours, Bitcoin’s price rose by 2.10%, Ethereum by 1.66%, Bitcoin Cash grew by 0.29%.

Bitcoin’s technical analysis: During today’s trading, Bitcoin played all the lost positions on Thursday, thereby continuing its movement in the resistance range with a resistance at $ 8300.00 and support at $ 7800.00. In case of growth and consolidation of the price above the level $ 8300.00, it will be possible to talk about a new wave of growth in the price of Bitcoin.

Fig. BTC/USD chart, current price – $ 8168.42

Technical Analysis of the Ethereum: By the close of trading on Thursday, the Ethereum managed to update the historical maximum to $ 424.37, thus justifying my yesterday’s forecast. See “Bitcoin is inactive. Ethereum prepares to update the maximum. ” After some rollback, the price of the ethereum remains positive, so one should expect the maximum to be updated to $ 440.00. The main support levels are $ 393.00; $ 370.00.

Fig. ETH/USD chart, current price is $ 416.96.

Technical analysis of Bitcoin Cash: Bitcoin Cash at the beginning of today’s trading updated its historic maximum to around $ 1743.99. After, the price rolled back. Despite the rollback, the price of Bitcoin Cash remains positive and there may be another update of the maximum in the near future. In case of deeper correction, one should consider the main support levels at $ 1,430.00; $ 1,330.

Fig. BCH/USD chart, current price – $ 1631.85.

Alexander Sivtsov