Ethereum Eyes USD 1,500, Altcoins Gain, Bitcoin Stable
Bitcoin price is recovering towards the USD 34,200 resistance. Ethereum surged to a new all-time high at USD 1,475, XRP is rising towards USD 0.285. UNI, EGLD, and AAVE are up over 15%.
Bitcoin price seems to be forming a base above the USD 32,000 level. BTC recovered above the USD 32,500 and USD 32,800 resistance levels. It is currently (05:00 UTC) trading above USD 33,000 and it seems like the bulls might test the USD 34,000 or USD 34,200 levels.
Conversely, most major altcoins are showing positive signs. ETH/USD gained over 15% to set a new all-time high close to USD 1,500. XRP/USD is consolidating and it could make another attempt to clear the USD 0.300 resistance in the next 2-3 days.
Total market capitalization
After a sharp decline, bitcoin price recovered above USD 32,000. BTC climbed steadily above USD 32,500 and it even surpassed the USD 33,000 level. The price is now facing hurdles near the USD 33,500 level. The main weekly resistance is near the USD 34,200 level. A close above USD 34,200 might increase the chances of a push above the USD 35,000 resistance zone.
On the downside, the USD 32,400 level is a decent support. The key support is near USD 30,800, below which the bears might aim for a test of the UD 28,500 support zone.
Ethereum price outperformed bitcoin and climbed sharply after it broke the USD 1,300 level. ETH gained over 15% and it cleared many barriers near USD 1,400. The price traded to a new all-time high near USD 1,475 and recently started a downside correction.
An initial support on the downside is near the USD 1,400 zone. The next major support is near USD 1,350, below which there is a risk of a larger downside correction. On the upside, the bulls might aim for a break above USD 1,500.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price is recovering and trading above USD 450. The first key resistance is near the USD 465 level, above which BCH may possibly rise towards the USD 488 resistance level. The next major hurdle for the bulls is near the USD 500 level. On the downside, the price might remain stable above USD 425 and USD 415.
Litecoin (LTC) is back above USD 140 and it is testing the USD 145 zone. An immediate resistance is near the USD 150 level. A successful close above the USD 150 level could increase the chances of a push towards the USD 165 and USD 168 resistance levels.
XRP price is forming a support base above the USD 0.255 and USD 0.262 levels. On the upside, the USD 0.285 level is a short-term resistance. The main weekly pivot level is at USD 0.300. A close above USD 0.300 and USD 0.312 might pump the price above the USD 0.320 level.
Other altcoins market today
Several altcoins climbed over 10%, including UNI, EGLD, SUSHI, AAVE, COMP, AMPL, BNT, IOST, SNX, and CEL. Out of these, UNI gained over 25% and it cleared the USD 12.00 level.
Overall, bitcoin price is rising towards the USD 34,000 and USD 34,200 resistance levels. Conversely, ETH cleared many hurdles and it looks set for more upsides above USD 1,500.