Crypto Majors Rally as Bitcoin, Ethereum, and Ripple Test Resistance Levels

Bitcoin and Ethereum continue to lead the crypto market upwards, with BTC trading above $86,700 and ETH hovering around $2,730. These prices are a result of a multi-week upward move that began in mid-September. The price of BTC remains firmly above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which stand at $79,206, $75,375, and $75,001, respectively. This technical setup supports a constructive near-term backdrop and confirms the broader uptrend structure. The Relative Strength Index (RSI) is positioned near 69, indicating stretched conditions after the latest leg higher. The Moving Average Convergence Divergence (MACD) indicator is nearly flat around the zero line, indicating that while bullish momentum is still present, additional incremental strength may be moderating. On the upside, the $90,000 price target for BTC remains a key objective for bulls. Below the current price, dynamic demand emerges at the 50-day EMA around $79,206, and a deeper retracement would bring prior structural levels near $66,500 and $62,300 into view. Ethereum also retains a constructive short-term profile as it remains above the cluster of moving averages under spot price, which serves as a substantial technical support area. Initial resistance for ETH appears at the horizontal barrier near $2,800, followed by the psychologically important $3,000 mark. On the downside, initial support emerges at the $2,500 horizontal level, closely backed by the 50-day EMA at $2,493.