Cryptocurrencies Price Prediction: Ethereum, Cardano & Bitcoin – American Wrap 17 June

FXStreet Team FXStreet

Ethereum price is emphatic, ETH targets $1,800 as support fails

Ethereum price has not been spirited higher during the recent bounce in Bitcoin. Instead, the smart contracts giant has been locked in a symmetrical triangle, struggling to hold the lower trend line. Similar to other altcoins, ETH increasingly faces a bearish fate moving forward unless a compelling catalyst emerges.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC contemplates breakout, while altcoins promptly follow

Bitcoin price rose from the range low to nearly tagging the swing high this week. However, the impulsive move reversed and is now heading toward the midway point. Ethereum and Ripple are following in BTC’s footsteps and are expected to head lower.

Three technical Indicators suggest Cardano price may drop to $1 in a few weeks

Cardano price is restrained by May’s declining trend line, the Ichimoku Cloud, the 50 twelve-hour SMA and anchored VWAP. The result has been a narrowing range, increasing the probability that ADA will resolve the congestion to the downside in the weeks ahead.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.