Can bulls seize the initiative next week? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie ethereum sassal0x EFDevcon peter_szilagyi EthereumNetw
On the daliy chart, bulls are trying to hold the interim $37,700 level against the declining trading volume. If they manage to do that by the end of the day, the upcoming week might be bullish for the leading cryptocurrency. In another case, the breakout ofBitcoin is trading at $37,991 at press time.Ethereum is more bearish than Bitcoin as the rate of the main altcoin has dropped by 5.53% since the beginning of the week.
Analyzing the daily chart, Ethereum has dropped below the $2,774 level. If buyers cannot seize the initiative and the weekly candle fixes below it, the fall may continue to the $2,500-$2,400 zone by mid-May.On the weekly chart, the price is coming back to the support level of the wide channel against the increased trading volume. If bears' pressure continues, the following week might begin with a further decline of XRP. In this regard, there is a high possibility to see the test of the $0.
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