Despite the recent selling spree, Ethereum bulls held the $3,100 support level while King Alt is showing a gradual correction on its 4-hours RSI. Similarly, buyers of Cosmos showed up in the $25-$26 range to stop its ongoing selloff.
Tron, on the other hand, saw a death cross of its EMA on the 4-hours time frame, while ETC declined below its control points.
Ether (ETH)
During its bearish phase, ETH lost the crucial $3,500-mark while the bears flipped to immediate resistance at this level. The bearish rally saw ETH lose more than half of its value as it fell to its multi-month low in late January.
Since then, the alt has gained almost 47% over the past 11 weeks. Recently, ETH saw an upward channel breakdown from the $3,500 resistance level. As the $3,100 support was consolidated, alts briefly consolidated in a rectangle (Yellow) on its 4-hours chart.
At press time, ETH was trading at $3,171.7. Bearish after reversal from oversold mark RSI Bounces back in an up-channel. Any close below 37-support could lead to a further retracement.
universe (atom)
ATOM found an oscillation range between $25-$34-makr for more than five weeks. The recent selloff phase saw ATOM lose about 22% of its value (since April 3) until it touched its one-month low on April 11.
Soon after, the bulls moved into the $25-$26 range. from here, 20 EMA (Red) will be an immediate obstacle for the bulls. At press time, ATOM was trading at $26.39. supertrend Remained in red zone and supported bearish strength.
Tron (TRX)
Since its January lows, the bulls prompted a gradual recovery by the 78.6% Fibonacci resistance that was short-lived. Besides, the 61.8% Fib level is causing some problems with a bullish recovery attempt from the $0.05 bottom.
As a result, the bears broke the 11-week trendline support and turned it into resistance. This also 20 EMA (red) and 50 EMA (cyan) fell down 200 EMA (green). Thus, revealing a death cross on its 4-hours chart.
At press time, TRX was trading at $0.06184. RSI’s The recent recovery from the 24-level suggests a bullish divergence with the price. Thus, a potential revival may face resistance near the 38.2% level.
Ethereum Classic (ETC)
ETC lost over 66% of its value from its November high and touched its nine-month low on January 22. Since then, the altcoin has seen an aggressive recovery of 87.8% over the past three months.
As a result, it touched its four-month high on March 29. Since then, sellers provoked a down-channel retracement that pushed ETC below it. control point (red). At press time, ETC was trading at $0.0. CMF Flowed below the zero-line and revealed a bearish lead. But with the recent decline, when the oscillator looked north, a hidden bullish trend was observed with the price.