Will Ethereum, XRP and Binance Coin follow Bitcoin's uptrend?

Despite other altcoins losing in satoshis, this technical analysis will explore whether Ethereum, XRP and Binance Coin have the potential to follow Bitcoin's uptrend.

After reaching a yearly high of $366 on June 26, Ethereum retracted over 48 percent to hit $190 on July 16, which is where the 61.8 percent Fibonacci retracement level is.

If Ethereum is bound to surge, it could find some resistance on its way up around the 38.2, 23.6 and 16.18 percent Fibonacci retracement levels that are sitting at $256, $297, and $318, respectively.

A move above $0.33 could take XRP to $0.38 or higher, while break below $0.30 could take it down to $0.24 or lower.

Binance Coin continues to trade below the 7-week moving average on the 1-week chart.

This, in combination with a spike in volume, could be taken as confirmation that Binance Coin is poised to continue its bull rally and make higher highs.

Thus, if Binance Coin continues depreciating, it could find some level of support around the 50 or 61.8 percent Fibonacci retracement levels that are sitting at $21.9 and $17.7, respectively.

Conversely, if volume starts picking up and BNB tries to break above the recent all-time high, it will find some resistance around the 23.6 and 16.18 percent Fibonacci retracement levels.

Binance Coin may surge upon the break of the Adam and Eve pattern.

Finally, XRP has the potential to make new yearly highs if the triple bottom pattern seen on the 1-week chart is confirmed.