Bitcoin cash price analysis – brief downwards price correction attempt
Bitcoin cash price failed to breach the resistance around 23.6% Fibonacci retracement during Tuesday’s trading sessions. As per our technical analysis, bitcoin cash price will continue dropping towards $1,130, before an upwards trend become evident again.
Ethereum price analysis – brief sideways movement
Ethereum price has been moving sideways since it failed to test the resistance around $893.59 during Tuesday’s trading sessions. Currently, the market is testing the rising support level that has been evident since February 6th. As per our technical analysis, ethereum price will most probably bounce off the rising support level and will attempt retesting the 38.2% Fibonacci retracement again during the next 24 hours.
