Technical analysis of the three major mainstream cryptocurrencies: Ethereum, Bitcoin, and Ripple's latest breakout levels

This week’s crypto market shows a generally stable trend, with mainstream coins such as Ethereum, Bitcoin, and Ripple consolidating at key technical levels. Market traders are closely watching whether these three assets can achieve decisive breakthroughs in the near future, potentially triggering a new wave of rebound.

Ethereum to USD Key Resistance Level Approaching, $3,017 Becomes the Decisive Point

Ethereum(ETH) is currently trading around $2.95K, gradually approaching the critical resistance level of $3,017 on the daily chart. From a technical perspective, ETH tested the support zone near the descending trendline on Thursday, followed by a nearly 6% rebound over the past three days.

If Ethereum can successfully break through the $3,017 resistance and close above it on the daily timeframe, the next upward target could be the high of $3,447 set on December 10. This would be an important buy signal for ETH/USD investors.

From an indicator standpoint, the Relative Strength Index(RSI) is currently at 47, approaching the neutral level of 50, indicating that the previous downward momentum is gradually weakening. If RSI can break above the neutral level, it will further strengthen the bullish outlook. Meanwhile, the MACD line shows signs of convergence; once a bullish crossover occurs, it will provide strong support for a rebound.

Conversely, if Ethereum faces selling pressure, the decline could extend to the key support level of $2,749.

Bitcoin Breaks Downtrend Line and Targets $90,000 Round Number

Bitcoin(BTC) is currently quoted at $87.67K, gradually approaching the downtrend line drawn by connecting multiple highs since October 6. Recent movement shows that BTC found support at the 78.60% Fibonacci retracement level of $85,869 on Thursday, followed by a 3.67% rebound.

The key technical breakout point is: if Bitcoin can effectively break through the downtrend line and close above $90,000 on the daily chart, the next resistance target for the rebound will be $94,253. Breaking through this zone will create conditions for a larger upward move.

On the technical indicators front, RSI is at 45, nearing the neutral level, indicating that bearish momentum is waning. To sustain the rebound, RSI needs to rise further above the neutral 50. Another positive signal comes from the MACD indicator, which showed a bullish crossover on Saturday, often signaling a shift in momentum.

If Bitcoin experiences a correction, it could fall back to the key support level of $85,569.

Ripple at $1.96 Level Tests Buyer Strength, Breakout Will Confirm Validity of Rebound

Ripple(XRP) is currently trading at $1.86, approaching the daily resistance at $1.96. Chart patterns show that XRP previously found support at the lower boundary of a descending wedge pattern on Friday, followed by a slight rebound on the second trading day.

If XRP can successfully hold above the $1.96 resistance and form a daily close, the rebound momentum will further target the 50-day moving average at $2.13. This breakout will confirm the legitimacy of the rebound and open space for further upward movement.

From the oscillators, the daily RSI is at 42, still below the neutral 50, indicating that bearish momentum still exists. However, the MACD indicator has already shown early signs of a bullish crossover on Monday, suggesting that bullish momentum may be gradually brewing.

In a bearish scenario, if Ripple faces selling pressure, the decline could extend back to the Friday low of $1.77.