Bitcoin Takes Breather as Ethereum and Ripple Press On
Bitcoin (BTC) took a breather on Wednesday but still holds above $78,000. Despite this mild pullback, Ethereum (ETH) and Ripple (XRP) remain strong above key Exponential Moving Averages (EMAs), keeping their upside prospects intact.
The 50-day, 100-day, and 200-day EMAs for BTC are clustered between roughly $70,600 and $72,900, sitting comfortably below spot. This suggests the broader uptrend remains supported despite the recent loss of upside momentum.
Ethereum price trades at $2,494 on Wednesday, maintaining a constructive bullish bias as price holds well above the 50-day, 100-day, and 200-day EMAs. The RSI around 63 suggests positive but not yet overbought momentum for ETH.
Ripple (XRP) also holds strong above key EMAs, trading at $1.416 midweek. The recent horizontal level around $1.300 provides initial support, reinforced by the 200-day EMA and shorter-term 50-day EMA.