This weekend was not in the favor of cryptocurrency as several crypto assets moved downside including the world’s leading digital asset Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).

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Due to the tiring cryptocurrencies weekend performance, the market sell-off sees $26 billion removed from the total cryptocurrency market capitalization. The cryptocurrency market cap has now come down from $308 billion to $282 billion after this loss.

Bitcoin had to move down as it has failed to cross the resistance level of $10,500. The leading asset has again come down from the psychological level of $10k. At the time of writing, Bitcoin is trading at $9,644.63 USD with a change of -1.49% in 24 hours and is in confluence with the daily 22 exponential moving average (EMA).

Bitcoin Cash is one of the biggest losers over the weekend

Bitcoin Cash saw a fall of 21% in its price value and was one of the biggest losers over the weekend. BCH touched the crucial resistance level of $500 and right after that, it came down all the way to $370.

However, the coin made a slight recovery after this loss and is currently holding the price value at $397.79 USD.

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Ethereum succumbs to a 12.75% pullback but still has support

Along with some other cryptocurrencies, the second-ranked digital asset Ethereum also suffered a tiring weekend. Ethereum (ETH) failed to resist at its bullish point and moved down with a 12.75% fall. However, Ethereum still has got the support that can help it to start a rally.

The $250 level of support will be the key level for ETH at the start of the week. But if this support level gets broken, then a micro bearish trend is expected in the upcoming days and Ethereum could find itself at $238 and $231 marks.

From a macro perspective, it formed another lower high consistent with lower highs following the $1,440 all-time high of Jan 2018. After that, it went back to the lows of $836, $373 and $290. This is another bearish indicator for Ethereum.

However, now the important levels for Ethereum are the support level of $250 and $269 level. If Ethereum succeeds to break above $269, it would be able to appear as a bullish cryptocurrency in the upcoming days.

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