Bitcoin price daily candlestick closes below the weekly support level of $67,147. Ethereum price is weakening and could retrace to its immediate support at $3,321. Ripple price fails to close above the 50-day Exponential Moving Average. Bitcoin price may initially dip before experiencing a rally, and Ethereum and Ripple are likely to follow suit, dipping before their potential rallies.
Ethereum price gears up for further downward adjustment Ethereum price crashed 11% in the last seven days as it failed to close above $4,000. ETH could have a short-to-mid-term downward correction in the coming days, tagging in the $3,279, the 61.8% Fibonacci retracement level, calculated from the swing low of $2,864 on May 13 to a swing high of $3,984 on May 27. The $3,276 level roughly coincides with the midpoint of the price imbalance between $3,146 and $3,498 at $3,321.
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