Crypto Prices Hang in Balance Ahead of Crucial Levels

Cryptocurrency prices for September 17 are expected to be influenced by key levels in Ethereum (ETH), XRP, and Chainlink (LINK). The price of ETH is currently within its late August range, which spans from $2,350 to $2,570. A move above $2,450 could signal a recovery towards $2,550, while a fall below $2,360 may indicate a return towards $2,270.

The indicators on the five-hour chart for ETH are mixed, with some signaling a buy and others indicating a sell. The RSI(14) is neutral, but the Stochastic(9,6), MACD(12,26), and Bull/Bear Power(13) all show sell signals. However, both MA10 readings carry buy signals near $2,420 to $2,431.

XRP price has been testing resistance at $1.32, but failed to break above it yesterday. A move back above this level could signal a recovery towards its former consolidation area between $1.32 and $1.47. On the other hand, a break below $1.24 may indicate a decline towards $1.20.

Chainlink (LINK) is currently testing the former boundary near $11.10 after breaking out of its consolidation area two days ago. A move above this level could signal a break through to $11.50 and potentially even $12, while a fall below $10.60 may indicate a decline towards $9.