Ether’s ‘Bear Trap’ Unwinds as Bitcoin Tests $93K and XRP Targets the $2.30 Level

Bitcoin has staged a strong rebound off the $80,000–$83,000 support band and is now testing the Friday swing high near $93,100. A confirmed move above that level would bring the trendline drawn from the Oct. 8 all-time highs into play, which remains a key short-term resistance zone.

For now, consolidation looks likely. The hourly MACD histogram is producing shallow positive bars, signaling fading upside momentum, even as the daily MACD maintains a bullish posture—suggesting the consolidation may ultimately resolve higher. On the downside, the $80,000–$83,000 zone remains the critical level that bulls must defend.

XRP has once again rebounded from its long-standing $2 support, pushing back above the Ichimoku cloud on the hourly chart. The intraday trend has shifted firmly upward, though the token still needs to clear resistance at $2.28–$2.30 to extend the move. A successful breakout would shift focus toward the bearish trendline near $2.50, while a failure could trigger another pullback toward $2.00.

Ether’s hourly chart shows a textbook bear trap: price briefly broke below the lower boundary of its descending channel before snapping back higher. This type of move following a downtrend often signals seller exhaustion and a shift in control toward buyers. With bulls now pressing the momentum, ETH is targeting Friday’s swing high at $3,100, followed by potential upside toward the $3,500 level tied to the Oct. 10 decline. Key support sits at $2,600–$2,700.

Solana is approaching the upper edge of its well-defined sideways range around $145. A strong breakout above that level would create room for an advance toward $165. While the hourly MACD suggests waning bullish momentum, the daily MACD remains supportive, making an eventual upside breakout the more likely scenario.

  • Related Posts

    Brutero Metaverse Foundation Launches BRUTERO and District Brutero 1 (DB1) on Solana

    Brutero Metaverse Foundation Announces the Official Launch of the BRUTERO Ecosystem and District Brutero 1 (DB1) Token on Solana The Brutero Metaverse Foundation is pleased to announce the launch of…

    Continue reading
    Elon Musk’s SpaceX IPO Is Wildly Oversubscribed, Yet Crypto Traders Stay Guarded

    The SPCX perpetual contract is still trading above SpaceX’s $135 IPO price, but it has fallen sharply from its May highs as traders scale back expectations for a strong first-day…

    Continue reading