ETH Bear Trap Triggered as BTC Moves Near $93K and XRP Confronts $2.30 Barrier

Bitcoin has rebounded sharply off the $80,000–$83,000 support area and is now retesting the Friday swing high near $93,100. A move beyond that level would put the descending trendline from the Oct. 8 record high back in play, marking a significant resistance point in the near term.

Still, price action may pause before any breakout. The hourly MACD histogram is printing softer positive bars, hinting at easing bullish momentum. However, the daily MACD remains firmly constructive, suggesting any consolidation could eventually resolve upward. For now, the $80,000–$83,000 range continues to be the primary support that bulls need to hold.

XRP has again bounced from the long-standing $2 floor, reclaiming a position above the hourly Ichimoku cloud. This points to renewed short-term strength, though the token must still overcome resistance at $2.28–$2.30 to unlock further upside. A successful push higher would turn attention to the bearish trendline near $2.50, while rejection at resistance could send prices back toward $2.00.

Ether’s hourly chart shows a clear bear trap, with price briefly slipping below the descending channel before reversing higher. This pattern typically signals that selling pressure has been absorbed and momentum has shifted to buyers. With bulls back in control, ETH is aiming for the Friday high near $3,100, with potential to extend toward $3,500—the lower boundary of the Oct. 10 selloff. Key support sits between $2,600 and $2,700.

Solana is approaching the upper boundary of its multi-week consolidation range around $145. A decisive break above that level would open the door to gains toward $165. While the hourly MACD is slowing, the daily indicator remains positive, increasing the likelihood of an upside breakout over time.