Downtrend

The price of Chainlink (LINK) has resumed its downward correction as the altcoin faces rejection at the $24 high.

Uniswap (UNI) price is still in a downward correction but has resumed its fluctuation above $17 support.

The price of Ethereum (ETH) has fallen into the zone of downtrend after regaining the previous low of $3,606. The largest altcoin is correcting higher but risks further selling pressure at the recent high.

The price of Bitcoin Cash (BCH) remains in a downward correction. Since December 14, the market has corrected to the upside.

The price of Cardano has rallied above the previous low of $1.18 from the December 4 plunge. The cryptocurrency consolidated above the previous low for two weeks before moving back up.

Litecoin (LTC) has resumed selling pressure after the bears broke below the 21-day moving average. This is a sign that Litecoin will fall back into the $140 to $160 range.

The price of Ripple (XRP) has retreated from the high at $1.00 today, finding support above the low at $0.86.

Today, the price of Ethereum (ETH) plunged above the psychological mark of $4,000 after a successful rally to a high of $4,160.

Ethereum (ETH) is trading in the downtrend zone. In the last 48 hours, Ether bulls have recaptured the $4,000 psychological price level as buyers push Ether to previous highs.