Bitcoin, Ethereum, Ripple overview: Market in slow recovery mode
|- Bitcoin is rangebound under $3,600.
- EOS gains nearly 7% to trade above $3.0.
Cryptocurrency marker has been recovering during early Asian hours on Wednesday. However, bulls are still are beasts here as all major coins a confined to tight ranges. The total capitalization of all digital assets in circulation reached $122.2B, while the coins gained from 0.2% to 7% with EOS and Cash being the biggest winners.
Bitcoin is hovering under $3,600 handle, mostly unchanged both o a day-over-day basis and since the beginning of Wednesday. The recovery of the first digital coin is capped by a cluster of strong technical levels located above the current price. They include 23.6% FIbo retracement weekly, an upper boundary on 1-hour Bollinger Band and DMA5. The resistance area goes all the way up to $3,630.
Ethereum is changing hands at $124.2, gaining 3% since this time on Tuesday. The second largest coin with the market value of $13B retraced from the intraday high at $127. However, it continues moving within a short-term bullish trend.
Ripple’s XRP has gained 2.3% to trade at $0.3080 by the time of writing. The third largest asset ventured a move above $0.3100 during early Asian hours; however, the recovery proved to be unsustainable so far.
EOS is an incontestable growth leader with nearly 7% of gains. EOX/USD is trading at $3.00 amid growing volatility. A sustainable move above the psychological $3.0 will create an additional bullish momentum and push the price towards new highs.
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