Cryptocurrencies Stuck Near Key Technical Barriers

Bitcoin (BTC) and Ethereum (ETH) have shown constructive daily structures as they trade above their major exponential moving averages. However, both cryptocurrencies are facing hesitation near important technical barriers.

Bitcoin has reclaimed a key Fibonacci level of $82,076, but its recent move has not been fully confirmed by capital flows, with the CMF remaining slightly negative at -0.01.

Ethereum continues to strengthen above its moving averages and has also reclaimed the $2,606.10 Fibonacci 0.786 level. Its CMF has recovered to 0.05, indicating improving buying pressure.

XRP (XRP) faces resistance after a sharp recovery from the $1.20-$1.25 support area. It remains above its major daily EMAs but its CMF is negative at -0.06.