{"id":12345,"date":"2022-03-31T10:28:16","date_gmt":"2022-03-31T10:28:16","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12345"},"modified":"2022-03-31T10:28:16","modified_gmt":"2022-03-31T10:28:16","slug":"bitcoin-ethereum-stall-after-recent-gains","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12345","title":{"rendered":"Bitcoin, Ethereum Stall After Recent Gains"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<h2>Bitcoin (BTC\/USD) Analysis<\/h2>\n<h3>Key Highlights<\/h3>\n<p>Bitcoin is trading flat after hitting a multi-month high at $48,234. The crypto market gained momentum on positive news that Ukraine and Russia may make a deal soon. Markets will keep a close eye on talks between two countries for further direction.<\/p>\n<h3>Technical Analysis<\/h3>\n<p>Intraday trend &#8211; <strong>Bullish <\/strong><\/p>\n<p>On the daily chart, the pair is trading above <a target=\"_blank\" href=\"https:\/\/www.newsweek.com\/cryptocurrency-trading-glossary-1688505\" rel=\"noopener\">Tenken-Sen ($44,567), Kijun-sen ($42,701), and Ichimoku Kumo cloud<\/a> ($40,630). It hits an intraday high of $47,434 and is currently trading around $47,119.<\/p>\n<p>Major support is seen at $44,990, any violation below this level confirms intraday bearishness. A dip till $44,000 \/ $43,500 \/ $42,500 \/ $41,700 is possible.<\/p>\n<p>The immediate resistance is around $48,300, any surge past targets $50,000 \/ $52,000. Major bullishness can happen only if it breaks $52,000, a jump to $60,000 \/ $69,000 is likely.<\/p>\n<p>RSI &#8211; <strong>Bullish<\/strong><\/p>\n<p>A possible strategy could be long on dips $46,000 with <a target=\"_blank\" href=\"https:\/\/www.newsweek.com\/cryptocurrency-trading-glossary-1688505\" rel=\"noopener\">SL<\/a> around $44,500 for <a target=\"_blank\" href=\"https:\/\/www.newsweek.com\/cryptocurrency-trading-glossary-1688505\" rel=\"noopener\">TP<\/a> of $52,000.<\/p>\n<h2><span style=\"color: black;font-weight: bold\">ETH\/USD Daily Outlook<\/span><\/h2>\n<h3>Key Highlights<\/h3>\n<aside class=\"relatedNews\" data-gtm-category=\"Related In-Text C\" data-gtm-action=\"Click\">\n<\/aside>\n<p>Ethereum&#8217;s price has stalled near the psychological resistance point of $3,500. It hits a low of $3,333 yesterday and is currently trading around $3,402.10.<\/p>\n<p>On the daily chart, the pair is trading above Tenken-Sen ($3,185), Kijun-sen ($2,964), and Ichimoku Kumo cloud ($2,797).<\/p>\n<p>Major support is seen at $3,275, any violation below this level confirms intraday bearishness. A dip till $3,150 \/ $3,000 \/ $2,940 \/ $2,880 \/ $2,800 is possible.<\/p>\n<p>The immediate resistance is around $3,500, any break above will take the pair to $3,512 \/ $4,000.<\/p>\n<p>RSI &#8211; <strong>Bullish<\/strong><\/p>\n<p>A possible option could be long on dips around $3300 with SL around $3100 for TP of $4000.<\/p>\n<figure class=\"imageBox\">\n<div class=\"innerBox\" style=\"height:0;padding-bottom:53.75%\"><img decoding=\"async\" loading=\"lazy\" class=\"mapping-embed imgPhoto\" id=\"i2012291\" src=\"https:\/\/d.newsweek.com\/en\/full\/2012291\/crypto-chart-mar31.png\" alt=\"Crypto chart mar31\" \/><\/div><figcaption class=\"caption\">\n<span class=\"cap\">Cryptocurrency charts for March 31st: BTC, ETH, XRP, ADA<\/span><br \/>\n<span class=\"credit\">TradingView<\/span><br \/>\n<\/figcaption><\/figure>\n<h2><span style=\"color: black;font-weight: bold\">XRP\/USD Outlook<\/span><\/h2>\n<p>Intraday trend &#8211; <strong>Bullish<\/strong><\/p>\n<p>Key support- $0.70, $0.50<\/p>\n<p>Key Resistance- $0.9125<\/p>\n<p>XRP&#8217;s price downside is capped by <a target=\"_blank\" href=\"https:\/\/www.newsweek.com\/cryptocurrency-trading-glossary-1688505\" rel=\"noopener\">200-day EMA<\/a> at the $0.8400 level. Any daily close above $0.9050 confirms a further bullish trend, it is currently trading around $0.86733. Short-term trend reversal only if it breaches $1.02 (23rd Dec high).<\/p>\n<p>A possible option could be buy on dips around $0.8650 with SL around $0.80 for a TP of $1.02.<\/p>\n<h2>ADA\/USD Outlook<\/h2>\n<p>Intraday trend &#8211; <strong>Bullish<\/strong><\/p>\n<p>Key support- $0.95, $0.80<\/p>\n<p>Key Resistance- $1.30<\/p>\n<p>ADAUSD is consolidating in a narrow range between $1.1246 and $1.1628 for the past three days. Any breach above $1.3043 confirms further bullishness, it is currently trading at around $1.12121. Short-term trend reversal only if it breaks $1.57.<\/p>\n<p>A possible strategy could be long around $1.180 with SL around $1.070 for a TP of $1.570.<\/p>\n<h2><span style=\"color: black;font-weight: bold\">Bitcoin Support \/Resistance<\/span><\/h2>\n<p>Resistance<\/p>\n<p>R1- $50000<br \/>R2- $52000<br \/>R3- $60000<\/p>\n<p>Support<\/p>\n<p>S1- $44990<br \/>S2- $44500<br \/>S3- $43500<\/p>\n<p><span style=\"color: black;font-weight: bold\">Ethereum Support\/Resistance<\/span><\/p>\n<p>Resistance<\/p>\n<p>R1- $3500<br \/>R2- $4000<br \/>R3- $4200<\/p>\n<p>Support<\/p>\n<p>S1- $3275<br \/>S2- $3150<br \/>S3- $3000<\/p>\n<figure class=\"block block-ibtg-article fA\" data-gtm-category=\"Related In-Text A\" data-gtm-action=\"Click\">\n<\/figure>\n<p>See more at the <a target=\"_blank\" href=\"https:\/\/cryptoindex.newsweek.com\/\" rel=\"noopener\">Newsweek Cryptocurrency Index<\/a>:<\/p>\n<figure class=\"fullCode\">\n<\/figure>\n<p><em>The content of this article is for informational purposes only and does not constitute financial or investment advice. It&#8217;s important to perform your own research and consider seeking advice from an independent financial professional before making any investment decisions. <\/em><\/p>\n<figure class=\"imageBox\">\n<div class=\"innerBox\" style=\"height:0;padding-bottom:66.68%\"><img decoding=\"async\" loading=\"lazy\" class=\"mapping-embed imgPhoto\" id=\"i1997717\" src=\"https:\/\/d.newsweek.com\/en\/full\/1997717\/bitcoin-ad.jpg?w=790&amp;f=a34c5ee7d5b14a946e8ab008dc06ba02\" alt=\"Bitcoin Ad\" width=\"790\" height=\"527\" \/><\/div><figcaption class=\"caption\">\n<span class=\"cap\">An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, on Nov. 18, 2021. Two siblings are accused by the SEC of defrauding investors out of $124 million with their cryptocurrency fraud scheme.<\/span><br \/>\n<span class=\"credit\">AP Photo\/Kin Cheung, File<\/span><br \/>\n<\/figcaption><\/figure>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsweek.com\/cryptocurrency-news-today-bitcoin-ethereum-stall-after-recent-gains-1693648\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC\/USD) Analysis Key Highlights Bitcoin is trading flat after hitting a multi-month high at $48,234. The crypto market gained momentum on positive news that Ukraine and Russia may make a deal soon. Markets will keep a close eye on talks between two countries for further direction. Technical Analysis Intraday trend &#8211; Bullish On the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[50,158,615,6791],"class_list":["post-12345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-ethereum","tag-gains","tag-stall"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/bitcoin-ad.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12345"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12345\/revisions"}],"predecessor-version":[{"id":12347,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12345\/revisions\/12347"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/12346"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12345"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}