Ethereum Facing Resistance Around $2,400 Price Area - What Next?

BTC/USD tried to break 40000 level on Monday but failed and retraced. From the technical point of view, the pair stays above both 50 Moving Average (red line) and 200 Moving Average (dark blue line), which is a signal of the bullish trend.

The Pacific island nation has decided to officially enter at the global digital asset market.

One of the world's most valuable cryptocurrencies, XRP received a major boost today after Ripple announced.>Read our analysis of XRP.

Ethereum has become volatile and still residing inside the range of $2,400 to $1,700 price area. Ethereum is facing resistance.

Ripple bulls have regained momentum after bouncing from $0.61 to $0.62 support area. Ripple found support around $0.62 area.