On the daily chart, the massive smart contract is trading at $2,965 after resting the demand zone in green. As bears pushed the price lower, bulls struggled to keep ETH above $3,100 and $3,000, respectively. Following a difficult journey toward $1 on Monday, Ripple was forced to return to the $0.9 area. The market's bearish outlook was maintained by the pullback to $0.9, which was accentuated by a month-long sell signal from the MACD.