BTC holds above $90,780, eyeing $91,252 resistance. A breakout could push it toward $100,114; key support at $82,688.
ETH tests $2,315 support, with resistance at $2,555. Bulls need to hold above $2,257 to prevent a retest of $2,150.
ADA trades near $0.9317, facing resistance at $1.0281. Holding $0.8437 support is key to avoiding further declines.
Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) are showing signs of stabilization after recent volatility. Bulls are attempting to regain control, with BTC bouncing off key support, ETH testing critical levels, and ADA showing resilience despite market pressure. Traders are closely monitoring these assets for potential breakouts as market sentiment improves.
Bitcoin price recently tested $82,688 before rebounding, signaling renewed buying interest. A break above $91,252 could push BTC toward $100,114, while a failure to hold above $82,688 may lead to a drop toward $73,746.
Ethereum Is Poised for a Recovery If Support Holds
ETH Key Levels to Watch
Current Price: $2,315
Immediate Resistance: $2,555
Major Resistance: $2,815
Immediate Support: $2,257
Major Support: $2,150
ETH Technical Indicators
RSI: 39.31 (Approaching oversold levels, possible reversal)
MACD: Bearish but showing early signs of recovery
Ethereum price today March 6, 2025
Ethereum found support at $2,257, suggesting potential for a recovery. A push above $2,555 could trigger further upside toward $2,815, while failure to hold support may send ETH back toward $2,150.
Cardano Price Holds Firm, Eyeing Key Resistance
ADA Key Levels to Watch
Current Price: $0.9317
Immediate Resistance: $1.0281
Major Resistance: $1.1487
Immediate Support: $0.8437
Major Support: $0.7656
ADA Technical Indicators
RSI: 56.23 (Neutral, leaning toward bullish)
MACD: Positive momentum building, signaling possible upside
Cardano price today March 6, 2025
Cardano is holding support at $0.8437, showing signs of a potential recovery. A close above $1.0281 could send ADA toward $1.1487, while a move below $0.8437 may lead to a test of $0.7656.
Conclusion: Can Crypto Bulls Take Control?
Bitcoin, Ethereum, and Cardano are showing early signs of recovery, with strong support levels holding firm. BTC must break above $91,252, ETH must hold $2,315, and ADA must clear $1.0281 to confirm bullish momentum. A failure to sustain these levels could trigger further corrections, making these critical areas to watch. Traders should stay alert for breakouts or potential reversals in the coming sessions.
This post was last modified on Mar 06, 2025, 16:18 GMT 16:18
Lilly Mwogah is a finance writer specializing in cryptocurrencies, forex, and indices. Passionate about simplifying complex financial topics, she creates engaging content for a broad audience. With a solid grasp of market trends and economic indicators, her work informs and empowers readers to navigate the dynamic finance world.