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Ether Rebounds From Bear Trap as Bitcoin Eyes $93K, XRP Attempts Break Above $2.30

Freepik Ether Bear Trap Confirmed As Bitcoin Probes 93k Xr 24253

Ether Rebounds From Bear Trap as Bitcoin Eyes $93K, XRP Attempts Break Above $2.30

Bitcoin has surged off the crucial $80,000–$83,000 support region, advancing toward the Friday swing high near $93,100. A confirmed break above that level would bring the descending trendline from the Oct. 8 peak back into focus as the next major resistance.

For now, price action may stabilize. The hourly MACD histogram is showing weaker positive bars, signaling a slowdown in upward momentum. Despite this, the daily MACD remains firmly bullish, suggesting that any consolidation could ultimately lead to another leg higher. The $80,000–$83,000 band remains the key support zone for bulls.

XRP has once more bounced from the dependable $2 base, climbing back above the hourly Ichimoku cloud in a constructive short-term move. The next test lies at the $2.28–$2.30 resistance area; a breakout would shift attention to the descending trendline near $2.50. Failure to clear the zone could see prices revisiting the $2.00 level.

Ether’s hourly chart displays a classic bear trap, with price briefly dipping below the lower boundary of its descending channel before reversing sharply higher. Such behavior typically signals seller exhaustion and a momentum shift toward buyers. With bulls now pushing forward, ETH is targeting the Friday high around $3,100, with room to stretch toward $3,500—the lower range of the Oct. 10 slide. Support remains anchored at $2,600–$2,700.

Solana is nearing the upper border of its sideways channel around $145. A solid breakout above that threshold would open up upside potential toward $165. While the hourly MACD shows signs of weakening momentum, the daily MACD remains positive, suggesting that an eventual upward breakout is still the more likely outcome.

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