Top 3 price prediction Bitcoin, Ripple, Ethereum: Headlines are for Bitcoin, profits for Ethereum

  • SEC comments do not encourage a Bitcoin that is in defensive mode.
  • Ethereum remains strong and is running to lead a change in the market.
  • XRP moves away from the minima but lacks the strength to go further up.

The cryptocurrencies market needs positive news regarding development, regulation, and supervision.

The Great Wall that impedes access to this attractive market can be overcome once and for all if a world-class regulator authorizes the launch of an investment instrument suitable for the general public.

A few hours ago, SEC Chairman Jay Clayton stated that the process of authorizing the launch of an ETF on Bitcoin is still ongoing.

The main reluctance for the U.S. regulator is the possible manipulation of prices in an as yet under-regulated market. 

Hearings to decide on the two existing proposals are planned for Oct. 13 for Bitwise and Oct. 18 for VanEck/SolidX.

At the moment, the price of Bitcoin does not reflect any enthusiasm for the news, and it struggles to stay above the main moving averages. On the other hand, Ethereum and many other Altcoins have been positive against Bitcoin for three consecutive days.


ETH/BTC Daily Chart

The ETH/BTC pair is currently trading at the price level of 0.01771,  supporting above in early August and which would now be a confirmation point for the changing trend in Ethereum's behavior.

Above the current price, the first resistance level is at 0.0187, then the second at 0.1924 and the third one at 0.20.

Below the current price, the first support level is at 0.0172, then the second at 0.0155 and the third one at 0.0132.


The MACD on the daily chart begins to improve and increases its bullish slope. The line spacing also increases. The structure has improved a lot for the bullish and could consolidate the movement in the short term if the current improvement continues.

The DMI in the daily chart shows us how bulls reach the level of bears, so we can expect an increase in uncertainty, waiting to see who gets the lead in price development. The most positive aspect of the indicator is to see bulls above level 20, which indicates the existence of an ongoing trend.


BTC/USD Daily Chart

The BTC/USD pair is currently trading at $10,262 based on the 50-period exponential moving average and the 100-period simple moving average. The structure proposes price falls, but Bitcoin's resilience to losing this support raises questions.

Above the current price, the first resistance level is at $10,650, then the second one at $11,265 and the third one at $14,000.

Below the current price, the first level of support is at the current level where the moving averages pass, then the second at $9,600 and the third one at $9,150.


The MACD on the daily chart loses strength as it reaches the neutral territory. 

The averages lose inclination but keep the opening between the lines. The current structure is ambiguous and allows developments in any direction.

The DMI on the daily chart shows the bulls narrowly retaining their advantage over the bears. It also indicates an ambiguous structure, which adds uncertainty in the short term for Bitcoin.


ETH/USD Daily Chart

The ETH/BTC is trading at $182.16 and can maintain the support level at $180. The primary moving averages situation helps the current price gains but will be a handicap in the next few days.

Above the current price, the first resistance level is at $190, then the second at $195 and the third one at $197. The Ethereum faces a zone of strong resistance between the price levels of $195 and $207.

Below the current price, the first support level is at $180, then the second at $170 and the third one at $162.


The MACD on the daily chart shows an improvement in the bullish potential. The bullish slope increases, and the lines increase their spread. It is a significant improvement at the structural level, but it is still at a very early stage.

The DMI on the daily chart shows how the bears continue to lead the ETH/USD pair, while the bulls lose some momentum after yesterday's fight to retain support at $180.


XRP/USD Daily Chart

The XRP/USD is currently trading at $0.261, maintaining the improvement seen in recent days. 

Above the current price, the first resistance level is at $0.267, then the second at $0.272 and the third one at $0.287.

Below the current price, the first support level is at $0.256, then the second at $0.253 and the third one at $0.238.


The MACD on the daily chart shows a minimal improvement, both in uptrend and separation between the averages. The current scenario is one of low price volatility that can help consolidate the support level and a subsequent improvement in the price over the medium term.

The DMI on the daily chart shows how the bears lose strength while the bulls also retreat after a couple of days of improvement. The two sides of the market keep the gap, so it is not close to a possible change of leadership that enhances the bullish moment.

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin (BTC) in tactical retreat before another attempt to break above SMA200 daily

Bitcoin (BTC) bulls engineers a nice recovery off the recent lows; however, SMA200 (Simple Moving Average) on a daily chart remains unconquered so far. The price of the first digital currency made a weak attempt to move above this hurdle, but it seems to be a hard nut to crack for the bulls at this stage.

More Bitcoin News

Litecoin (LTC) price analysis: LTC/USD slides back inside an old range

Litecoin is changing hands at $56.63, down 2% since the beginning of the day and 1.5% on a day-on-day basis. The 6th largest digital asset with the current market value of $3.3 billion peaked at $60.12 on October 9 and has been moving down ever since. 

More Litecoin News

TRON price analysis: TRX/USD moves within a long-term bearish trend

At the time of writing, TRX/USD is changing hands at $0.0160. The coin has gained over 15% in seven 24 days, however, the upside momentum started fading away after the price had hit $0.0175 high. 

More Tron News

Ripple price analysis: XRP/USD races downwards fast

Many analysts believe that the recent breakout across the cryptocurrency market was more or less a bull trap. Their notion is currently being proved right as Ripple price forced its way against key support areas including $0.2750 and the 61.8% Fib retracement level.

More Ripple News


Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast