As of February 17, Bitcoin (BTC) declined by 1.02% to $96,485, while Ethereum (ETH) rose by 2.3% to $2,761. XRP fell by 2.59% to $2.6816, indicating a continued bearish trend. Market participants should monitor key levels for potential movements.

The cryptocurrency market is displaying a neutral sentiment as of the start of the week, according to data from CoinMarketCap. Bitcoin (BTC) has experienced a decline of 1.02% in the past 24 hours, with current trading at approximately $96,485. On the daily chart, the trend appears more bearish, and should the price close below the $96,000 threshold, it is expected to decrease further toward the support level around $94,726.

Conversely, Ethereum (ETH) has observed an uptick of 2.3% since the previous day, with current trading at $2,761. From a mid-term perspective, traders should pay attention to the price action within the vicinity of $2,800. A successful breakout in this area could propel Ethereum towards a resistance level of approximately $2,921 within the next few days.

XRP has emerged as the most significant daily loser, undergoing a decline of 2.59%. With the recent bearish closure, XRP’s price currently rests at $2.6816. Should the ongoing candle close near its lowest point, further correction is anticipated, possibly leading towards the $2.60 zone soon.

In summary, Bitcoin is trending bearish and may face additional declines, Ethereum shows potential for upward momentum if it breaks key resistance levels, while XRP is experiencing significant losses and may continue to correct downward. Investors are advised to remain cautious and conduct thorough research as market conditions evolve.

Original Source: u.today

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