Bitcoin, Ethereum, and Tezos – European Wrap 14 October
Bitcoin price continues its slow uptrend as it lacks volatility. Ethereum and Ripple are promptly following the big crypto as they continue to consolidate. While these top cryptocurrencies continue to consolidate, altcoins are breaking out without any hesitation.
Ethereum (ETH) price is on the verge of breaking higher after the first week of October offered bulls an entry-level around $3,429 with the monthly pivot and the 55-day Simple Moving Average (SMA). This week bulls are slowly but steadily reclaiming the resistance level at $3,687. Expect a squeeze against the red descending top line next week that will break and give bullish returns toward $4,085.
XTZ price has been on a slow downtrend since its all-time high on October 4. This descent has pushed Tezos down to a crucial support floor which will decide its fate going forward.