Bitcoin price action shows a bullish divergence on a momentum indicator. Ethereum price finds support around $3,362 price low from Friday. Ripple price faces rejection by its daily resistance level of $0.499 level. Bitcoin price action shows a bullish divergence on a momentum indicator, signaling a forthcoming bullish trend. Ethereum and Ripple are poised to mirror Bitcoin's trajectory, preparing to breach resistance levels and rally upwards in tandem.
The Relative Strength Index breaks above its mean level of 50 in the 4-hour chart, and the Awesome Oscillator is on its way to doing the same. If bulls are indeed making a comeback, then both momentum indicators need to maintain their positions above their respective mean levels. Such a development would add a tailwind to the recovery rally. If ETH closes above $3,717, it could extend an additional rally of 6% to reach its previous resistance level of $3,977.
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