#ETH on Roket Fire — While BTC and XRP Catch Their Breath
#ETH5kNext? #Eth Bitcoin price stabilizes at $119,000 on Wednesday after failing to break $120,000.
Bulls aim for $4,868 record highs as Ethereum crosses $4,500.
A breach of $3.40 daily barrier might boost XRP.
Bitcoin (BTC) and Ripple (XRP) stabilize below critical resistance levels; a closing above implies a rally. Meanwhile, Ethereum (ETH) bulls break $4,500 and go for $4,868 record highs.
Bitcoin may rise if it breaks $120,000 psychological barrier.
Bitcoin fell marginally on Monday as it hit resistance above $120,000. It tried to close above this barrier again the following day but failed. On Wednesday, it was below $119,500.
BTC may rise to a record high of $123,218 if it closes over $120,000 daily. A closure above this level would trigger price discovery, with bulls seeking $125,000.
If BTC corrects from $120,000, it might fall to support around $116,000, its daily level.
Ethereum bulls seeking $4,868 record.
Ethereum price rose beyond $4,000 on Saturday and closed at $4,488 on Tuesday, surpassing the December 9, 2021, high. Trading over $4,640 on Wednesday, it continues its rise.
ETH might retest its November 10, 2021 all-time high of $4,868 if bulls keep rising.
ETH may continue falling to $4,488 if it corrects.
XRP might set a record if it breaks $3.40 barrier.
Friday, XRP price rejected its daily level at $3.40 and fell 5% in five days. It ended at $3.26 on Tuesday, up 4.41%. It's roughly $3.22 as of Wednesday.
XRP might climb to record highs at $3.66 if it closes over $3.40 daily barrier.
If XRP fails to close above $3.40 resistance and corrects, it might fall to its 61.80% Fibonacci retracement level at $2.99.
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