- Bitcoin resumes its upward move on Monday following a brief pause last week.
- Ethereum is nearing its 200-day EMA, and a strong close above this level could pave the way for further gains.
- XRP trades close to the $1.40 resistance area, with a breakout potentially sparking a new rally.
Bitcoin (BTC) climbs on Monday, trading above $80,000 and continuing its uptrend after a short consolidation last week. Ethereum (ETH) and Ripple (XRP) mirror BTC’s momentum, posting early-week gains as they approach key resistance levels, where a breakout could signal the start of another rally.
Bitcoin reaches the $80,000 milestone.
Bitcoin (BTC) is trading around $80,161 on Monday, maintaining a bullish tone as it holds above a strong support zone formed by the 50% Fibonacci retracement at $78,962 and the 100-day EMA near $75,903. The 50-day EMA around $74,448 further supports the ongoing uptrend.
Momentum indicators remain positive, with the RSI near 66 in bullish territory and the MACD crossing higher into positive ground, signaling continued buying interest despite nearby resistance levels.
On the upside, immediate resistance is seen at the 200-day EMA around $81,912, followed by the 61.8% Fibonacci level at $83,437 and a key horizontal barrier near $84,410. A decisive close above this zone could pave the way for a move toward the January high around $97,924.
On the downside, initial support lies at the $80,000 psychological level, with stronger support at $78,962. A deeper correction could target the broader support area between the 100-day EMA at $75,903 and the previous channel top near $75,680, where buyers are likely to step in as long as the overall bullish structure remains intact.
Ethereum may extend gains with a confirmed close above the 50-day EMA
Ethereum (ETH) is trading around $2,370 on Monday, holding a constructive short-term outlook as price remains above both the 50-day EMA (~$2,256) and the 100-day EMA (~$2,344). However, it is now testing a key resistance zone, with the 38.2% Fibonacci retracement at $2,380 acting as the first barrier, while a stronger supply cluster sits near $2,575, where the 50% retracement and the 200-day EMA converge.
Momentum is gradually improving. The RSI is rising toward 58, indicating strengthening bullish momentum without being overbought, while the MACD remains negative but is trending higher, suggesting fading bearish pressure.
On the upside, a break and daily close above $2,380 would expose the critical $2,575 confluence zone. Clearing this area decisively could open the path toward the 61.8% Fibonacci retracement at $2,770.
On the downside, immediate support lies at the 100-day EMA ($2,344), followed by the 50-day EMA ($2,256). A deeper pullback could test the channel resistance-turned-support near $2,148 and the 23.6% retracement at $2,138. Only a move toward the lower channel boundary near $1,747 would begin to threaten the broader bullish structure.
XRP tests key resistance near $1.40
XRP is trading around $1.41 on Monday, hovering just above the 50-day EMA at $1.40, which provides immediate support. However, it remains below the 100-day EMA near $1.50 and the upper boundary of a broader descending channel around $1.54, keeping the medium-term outlook constrained.
Momentum is modest. The RSI sits near 53, indicating mild bullish pressure without being overextended, while the MACD has dipped slightly into negative territory, suggesting that upward momentum may be losing strength as price consolidates.
On the upside, resistance is seen first at the 100-day EMA (~$1.50), followed by the channel ceiling near $1.55. A sustained breakout above this zone would be required to target the 200-day EMA at $1.74 and the longer-term resistance around $1.90.
On the downside, initial support lies at the 50-day EMA ($1.40), followed by a stronger floor at $1.30. If selling pressure intensifies, the lower boundary of the channel near $0.73 could come into focus as a major structural support level.
THE ETERNAL SOVEREIGN 
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