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Ethereum, Monero, Dash price analysis: All 3 trend upward

Rakshitha Narasimhan

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Ethereum trends upward; Monero and Dash follow suit
Source: Unsplash

In the beginning of May, Ethereum, Monero, and Dash dropped by more than 10%. However, over the course of the month, all three coins have recorded a significant amount of gains and as per analysis, the coins continue in this trajectory.

Ethereum

Source: ETH/USD, TradingView

After the 12% drop at the beginning of May, ETH saw a 21% rise on May 27 and found support at $220.33. CMF indicator which rests way above the zero line also hints at a continued bull run.

Resistance: $243.67
Support: $220.33, $186.64, $151.55
Press time price: $237.75
Market Cap: $8,958,540,326
24-hour Trading Volume: $41,690,484,047

Monero

Source: Monero/USD, TradingView

Monero has been trending upward for weeks now. After a quick recovery from the 10% drop at the beginning of May, the leading privacy coin saw a steady increase in its price. On May 25, the coin saw another 12% price rise and has held support at $60.58 at the moment. Additionally, Awesome Osicalltor indicator also hinted at a continued upward breakout in the coming days.

Resistance: $69.82
Support: $60.58, $57.83, $54.61
Press time price: $66.79
Market Cap: $1,176,687,856
24-hour Trading Volume: $94,559,696

Dash

Source: DASH/USD, TradingView

Dash also saw a sudden drop at the beginning of May, followed by another 14.8% drop on May 9. The coin has held support at $71.63 at the moment. The coin might continue this upward run as further confirmed by MACD indicator’s bullish crossover. Additionally, widening Bollinger Bands hint at increased volatility in the coming days. Interestingly, Dash recently rose by one position on the CoinMarketCap.

Resistance: $79.58, $86.13
Support: $71.63m $69.69
Press time price: $77.40
Market Cap: $739,219,614
24-hour Trading Volume: $667,776,909

A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.