Yesterday morning, buyers were unable to increase buying volumes and the growth stopped at the daily high point of 12080.00 USD. The zone of the August 2019 high remains, as before, out of reach for bulls.
The sellers extinguished yesterday's attempt to break into the zone of the annual high with a bearish impulse, which pushed the pair back to the support of 11500.00 USD. However, the bitcoin price quickly rebounded above the average price level, and today buyers are ready to try again to refresh the annual maximum.
If buyers find support in the 2-hour EMA55 area, they may form another bullish impulse. If the bears push through the average price level, the pair will return to the 50% fibo support (11394.15 USD).
Ethereum price yesterday failed to overcome the resistance of 400.00 USD. During the day, buyers tested it for strength several times, but it did not work to overcome this psychological level.
If the two-hour EMA55 continues to act as a support, attempts to break through to the 420.00 USD area will be repeated today.
If the sellers push the pair below the average price level, then the pullback will stop at the support area of 360.00 USD.
Buyers were unable to break above the 0.300 USD resistance yesterday morning. A decrease in their activity in the first half of the day led to a pullback to the support area of 0.280 USD. However, the pair managed to recover to the mid-price area and consolidate in a narrow sideways range until the end of the day.
At night, another attempt to break through the 0.300 USD level is seen. In the morning, the Ripple price is trying to gain a foothold above this psychological level.
If the attempt is successful, then the growth will continue to the zone of the monthly maximum, and if the psychological level does not withstand the onslaught of sellers, then the pair will return to the area of average prices