Top 3 price predictions for Bitcoin, Ethereum, and Ripple for April 30: short-term analysis

  • Lateral action in the main Cryptocurrencies over the weekend, consolidation after last two weeks
  • Ethereum shows exhaustion, losing momentum against Bitcoin

The main Cryptocurrencies reached and broke above important resistance levels during the last week, which seems to have stalled the moves as there has been little action since.

Returning formations appeared in the daily Crypto charts on April 25th, setting resistance levels that have not been breached and are weighing negatively in the analyses. On the bullish side, supports conquered have been untouched, which is good news for bulls. In the short term, uncertainty remains.

BTC/USD daily chart


BTC/USD is trading around $9218 in the European morning, an intermediate area in the last 4 days range. Last Wednesday, the daily chart left us an important bearish cover, leaving a high at $9757 which is the main target point for any bullish attempts.

On the upside, resistance is at the mentioned $9757 level, followed by $10132, $10634 and as the main target, $11271. On the bearish side, the first support is at $8792, the bearish candlestick low, followed by $8458 and $7922.

MACD in the Bitcoin daily chart shows a loss of steam which is reasonable, looking to confirm and consolidate the previous rises before trying to go for more bullish legs.

Directional Movement Index in the same chart shows the sellers in retreat, with no confidence in hypothetical meaningful sells. Descent in buyers' numbers is very slight and continues to be at weak levels of trend strength.

ETH/USD daily chart


Ethereum is showing the same technical picture than Bitcoin. A negative formation in the daily chart appeared last April 25th. The current formation has not been broken to the bullish side either, so it's still fully valid. The level to break is at the $703.85, followed by a continuation to the resistance levels located at $755.49 and $812.04.

Below there, intermediate support at $659.05, followed by the bearish candlestick lows at $621.33. That is a level to watch, as if ETH/USD breaks below it, the technical landscape would change to a bearish continuation pattern.

MACD in the Ethereum daily chart shows lack of strength, reasonable after the important rises of last weeks. The indicator is moving inside bullish territory, but with a continuation profile and consolidating the levels reached.

Directional Movement Index in the same chart shows a weaker configuration than in the Bitcoin one, with sellers retreating after having sold strongly last April 25th. Buyers also reacted to the bearish formation increasing their activity. Buyers still are at high levels but retreating as the days go without a clear direction.

XRP/USD daily chart


Ripple has not been able to develop into price action the positive news its platform has been producing the last days. Ripple Ltd. is delivering positive messages with regards to the distribution of the cryptocurrency and the adequation to the legal requisites of the regulators.

Technically, XRP/USD left a strong formation last April 25th, consolidated by a Doji candle yesterday that might bring today another important bearish signal.

On the upside, resistance is located at $0.85, followed by $0.88 and $0.95. Supports are at $0.80, followed by $0.7696. Below there, the main support is located in the 50-EMA, trading around $0.75.

MACD in the Ripple daily chart is trading in the bullish segment of the indicator, but with a bearish cross that will be confirmed if today doesn't bring a positive close.

Directional Movement Index in the same chart is indeed showing the sellers trying to regather their edge, while buyers are not convinced of their possibilities.

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300. A shall green candle on a weekly chart is a promising signal, though the market is still gripped with uncertainty at this stage. 

More Bitcoin News

XRP/USD drops below $0.2000 after a failure at $0.2030

XRP/USD tested the intraday high at $0.2031, but the strong resistance located around this area discouraged the short-term bulls and pushed XRP/USD below $0.2000 by press time.

More Ripple News

ETH/USD breaks out into the $220 zone, will it be $230 or $210 next?

Ethereum price followed in the footsteps of the largest cryptocurrency by market capitalization, Bitcoin. BTC sprung upwards and for the first time in seven days, stepped above $9,600.

More Ethereum News

EOS/USD slumps below 4-hour SMA200, focus on $2.54

EOS/USD attempted a recovery above 4-hour SMA200 (currently at $2.65) and touched the intraday high at $2.67. However, the upside momentum proved unsustainable as the price of the digital asset dropped to $2.62

More EOS News


Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast