Demand

Since November 24, Ethereum bulls have failed to break above $620 overhead resistance. Now, on December 7, there is overwhelming selling pressure above the $620 resistance which has compelled Ether to a range-bound movement.

Following its rejection from the $360 and $320 resistance zones, BCH now consolidates in a tight range between $280 and $300 price levels.

Tezos is still trading in a sideways move since September. The altcoin is fluctuating between levels of $1.95 and $2.50.

Following its rallies to $3.80 high, buyers could not continue with the uptrend. At the recent high, the candlesticks possess long wicks.

Today, BCH surprisingly rebounded above the $246 support to reach a high of $260. The bulls have succeeded in breaking the $250 resistance level.

On November 8, Tezos faced rejection at the $2.20 resistance as it continued its range-bound move between $1.80 and $2.40.

Following the last bearish impulse on September 23 at the low of $2.39, EOS has been in a sideways move. Today, EOS is trading at $2.54 at the time of writing.

For the past week, Litecoin has been in a downward move after failing to break the $60 resistance. In the first rejection, the coin fell to a low at $55.20 as bulls bought the dips.

Today, Ethereum suffers a setback as buyers fail to push the price above the $404 resistance. Following its recovery above $380 support, the crypto was set to retest the $420 resistance.