Price Analysis 6/5: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

If the bulls can propel the price above $253.556, the biggest altcoin could rally to the resistance of the ascending channel at $270.ETH/USD daily chart.

XRP/USD. XRP has been trading close to the moving averages for the past two days.

The bears are likely to defend this zone aggressively traders can book profits when the price nears it.

BCH/USD. The bulls have once again pushed the price of Bitcoin Cash above the overhead resistance of $255.46.

A breakout of $280.47 could start a new uptrend that can carry the fifth-ranked cryptocurrency on CoinMarketCap to $350. The traders can buy on a close above $280.47 with a stop below $235. However, if the BCH/USD pair turns down from the current levels and slides below the moving averages, a drop to $217.55 and then to $200 is likely.

Such a move can offer a buying opportunity to the traders as suggested in the previous analysis.

Conversely, the trend will turn in favor of the bears on a break below the support of the range at $39.BNB/USD. Binance Coin continues to trade between the 20-day EMA and the overhead resistance of $18.1377 for the past few days.

EOS/USDAfter two days of tepid trading action, EOS is showing promise today.

Conversely, if the XTZ/USD pair turns around from the current levels or bounces off the uptrend line, the bulls will make another attempt to carry the price above $3.073-$3.1384 resistance zone.

Traders can trail the stop-loss on the long positions below the 50-day SMA. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.