Downtrend

Ethereum (ETH) bounced back earlier after its recent slump. The bulls failed to keep the price above the $4,600 high, leading to another decline.

The price of Ripple (XRP) is rallying above support at $0.76. The bears previously dropped XRP to the lows of $0.57, but the bulls bought the dips as shown by the long candlestick.

Bitcoin (BTC) is trading marginally above $47,000 support after the December 4 plunge. Today, BTC is easing back to find support above the $49,000 level.

Today, Bitcoin Cash (BCH) is rallying as buyers push the cryptocurrency to a high of $481.97 at the time of writing. There is a possibility of further upside if the bullish momentum continues.

Altcoins are falling due to a strong rejection at higher price levels. Most of this resistance was created during the downward impulse on December 4. Altcoins fell massively as bulls bought the dips.

Cardano (ADA) has been on a steady decline lately. Over the past five days, the ADA price has consolidated after the December 4 sell-off.

Litecoin (LTC) price is still trading in the downtrend zone. Today, LTC has been consolidating above $149 support for the past three days. Buyers and sellers are undecided on which direction the market should go.

On December 4, Bitcoin's crash affected the entire cryptocurrency market. Bears sold the recent recoveries in altcoins. Despite the retracement, some of the altcoins are surviving the downtrend.

The price of Ripple (XRP) is in an uptrend, reaching the high of $0.83. Buyers have a tough task ahead to take XRP above the $1.10 resistance and above the moving averages.