Downtrend

The price of Ethereum (ETH) has declined and fallen below the 21-day line SMA. Ether has fallen to the low of $1,712. The current support is the historical price level of July 28.

The price of Ripple (XRP) is in a downtrend as the price is falling below the moving average lines.

The cryptocurrencies listed below are in a downward correction as buyers fail to sustain bullish momentum above the moving average lines. The bottom line is that these worst performing cryptocurrencies risk a decline to their previous lows.

Ethereum (ETH) price is falling back to the downside as bulls fail to maintain bullish momentum above the $2,000 psychological price level.

The altcoins listed below are in a downward correction as cryptocurrencies fluctuate below their moving average lines. In other words, they risk further decline while facing rejection at the 21-day line SMA.

The cryptocurrencies listed below are in a downward correction as the altcoins trade below their moving average lines.

The price of Bitcoin Cash (BCH) resumed its downward correction as it fell below the 50-day line SMA. The cryptocurrency is now fluctuating between the moving average lines. The altcoin is above the 21-day line SMA but below the 50-day line SMA.

While the overall cryptocurrency market appears to be unwaveringly bearish, some investors think the downtrend is a good time to get into the industry. UK financial giant Barclays is looking to invest in a cryptocurrency project.

LRC and XTZ have bullish momentum again as the altcoins break out above the moving average lines. The other altcoins like LEO, AMP and TRX are in a downward correction as they risk another decline.