Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 11

The weak hands close their positions while the stronger hands who have sold at the highs use the opportunity to buy at lower levels.

Once price broke below the support levels, the bulls were forced to liquidate their long positions.

ETH/USDThough Ethereum held above the resistance line of the descending channel on June 09, it did not climb to our buy levels at $630. On June 10, it re-entered the channel and slumped to $496.27, close to the May 28 lows of $492.5.If the bulls fail to hold the immediate support levels at $492.5, the ETH/USD pair can plummet to the support line of the descending channel at $400.Both the moving averages are turning down, and the RSI is also in the negative territory, which is a bearish sign.

There is minor support at $878 below which the decline can extend to $777 levels.

Selling gathered momentum once it broke below the critical support level of $12.9870.

If successful, the virtual currency might spend the next few days in the range of $10-$13.However, if the bears continue to mount pressure and break below the $10 levels, the EOS/USD pair will become negative and can fall to $8 levels.

LTC/USDLitecoin has continued to fall and has reached the major support level of $107. If the bears break and close below the support, it will complete the bearish descending triangle formation.

The bulls are currently trying to hold the immediate support at $0.242 levels.

IOTA/USDIOTA broke below the critical support level of $1.63 on June 10 and dropped to its next support at $1.33 on the same day.

Once the $1.33 levels break, the next major support is at $0.9150 where we anticipate strong buying to emerge.