Bitcoin price is breaking above the falling wedge, signaling a potential bullish move. Ethereum price remains supported at $3,288, the 61.8% Fibonacci retracement level. Ripple price still faces resistance at $0.500. Bitcoin breaking above the falling wedge pattern on Monday signals a bullish move, with Ethereum and Ripple poised to follow as they find support at key levels, paving the way for an upside rally in the days ahead.
The Relative Strength Index and the Awesome Oscillator in the daily chart are below their neutral levels of 50 and zero. If bulls are indeed returning, then both momentum indicators must maintain their positions above their respective neutral levels. If ETH closes above $3,717, the high of June 9, it could extend an additional rally of 7% to reach its previous resistance level of $3,977.
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