Ethereum Outperforms Bitcoin Following Jobs Data: Latest Cryptocurrency News Today

Bitcoin (BTC/USD) Evaluation
Key Highlights
BTC has been trading flat for the past three days between $45,458 and $47,458. After positive US employment data, the pair faced some stress. BTC is struggling to close above the 200-day MA.

Technical Evaluation
Intraday development – Bearish

BTCUSD has been trading around $45,974 and hit an intraday low at $45,773. The price is currently buying and selling near $45,974.

The main support is at $44,000. Any breach below this level confirms an additional weak point. It is likely that a dip will occur until $44,000/42,900/422,500/41,700.

The rapid resistance is around $48,300. Any surge prior targets $50,000 or $52,000.

RSI- Bearish

One possible technique is to use a long dip around $45,000, with SL at $43,500. This would give TP between $52,000 and $55,000.

ETHUSD Daily Outlook
Key Highlights
Ethereum’s worth has outperformed Bitcoin in the last three days by more than 9 percent. This value reached a high of $3,583 but is now trading at around $3,497.

The pair is trading above the Tenken-Sen ($3,333), Kijun -sen ($3,037) and Ichimoku Kumo Cloud ($2,759) on the daily chart.

The main support is at $3400. Any violation below this level confirms a beginning of a minor downward trend. It is possible to dip as low as $3275/ $3150/ $3,000/ $2940/ $2880/ $2800.

The resistance level is around $3,600. Any break above this will bring the pair up to $4,000/$4,500.

RSI- Bearish

You could choose to go with a long-term dip around $3,400 and SL at $3,200, for TP of $4,000

XRP/USD Outlook

Intraday trend- Impartial

Key support- $0.70, $0.50

Key Resistance- $0.9125

The price of XRP has been consolidating in a narrow range between $0.8523 and $0.80665 over the last three days. A daily close above $0.84064 confirms minor bullish developments. It is currently trading around $0.82883. Short-term trend reversal if it breaks $1.02 (23rdDec high).

One possible technique is to buy above $0.9050, with SL around $0.8600 and a TP at $1.02.

ADA/USD Outlook
Intraday Trend- Bullish

Key support- $0.95, $0.80

Key Resistance- $1.30

The ADAUSD is trading higher following Ethereum. A breach above $1.3043 will confirm additional bullishness. It’s currently buying and selling around $1.2157. Short-term trend reversal if it breaks $1.57.

One possible technique is to use a round $1.20 SL with a round $1 SL for TP $1.570 / 2.

Bitcoin Assist / Resistance

R1- $46,000R2- $48,300R3- $50,000

S1- $44,000
S2- $43,500
S3- $42,500

Ethereum Resistance

R1- $3300, R2- $3420, R3- $3485

S1- $3200, S2- $3150, S3- $3000


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