Yesterday in the morning the price held above the 38.2% fibo level (37150.24 USD). Buyers tried to break through the 38000.00 USD resistance, but in the afternoon the bears pressed the price against the downtrend red line.
The bitcoin price tested the trend line several times, but the bears did not manage to roll back the pair below the support of 36000.00 USD.
It looks like buyers found support in the 4-hour EMA55 area and are trying to return to yesterday’s daily highs today. If they manage to break through the resistance of 38000.00 USD, then a recovery above the psychological mark of 40,000.00 USD is possible.
ETH / USD
Yesterday morning, the Ethereum price could not overcome the resistance of the four-hour EMA55 and during the day the pair returned to the support area of the POC line.
If the Volume Profile indicator line is unable to keep the bears, then the ether price will update the June minimum around 2200.00 USD.
Yesterday morning, the four-hour EMA55 kept a weak onslaught of buyers and turned the pair downward. By the end of the day, the pair rolled back to the support of 0.860 USD. Sales volumes have decreased and this level is still coping with keeping the pair in a sideways range.
Buyers may try to break above the moving average EMA55 again today. If it turns out to be successful, the price will again return to the psychological level of 1.00 USD.