· 2 min read

Ethereum Hits Record High, Bitcoin Corrects, SOL Flips XRP

  • Bitcoin price is correcting below USD 67,000.
  • Ethereum surged above USD 4,300, XRP failed to stay above USD 1.15
  • SOL rallied over 18% and flipped XRP.

Bitcoin price is stable above the USD 65,000 pivot level. BTC started a fresh increase and traded above USD 66,000. It is currently (12:00 PM UTC) correcting gains near USD 65,000, but it could continue higher above the USD 66,000 level.

Besides, most major altcoins are gaining strength. ETH gained 10% and it broke the USD 4,200 resistance, reaching its new all-time high. XRP surpassed USD 1.15 before correcting lower again. ADA rallied above USD 2.20 and USD 2.25.

Total market capitalization

Source: tradingview.com

Bitcoin price

After forming a base above USD 65,000, bitcoin price started a fresh increase. BTC was able to clear the USD 66,000 resistance zone. It is now facing hurdles near the USD 67,000 level. The next major resistance is near USD 68,000, above which the price may possibly rise towards the USD 70,000 level.

On the downside, an initial support is near USD 65,000. The first major support is near USD 64,500, below which the price could decline towards the USD 63,500 support.

Ethereum price

Ethereum price gained momentum above the USD 4,000 resistance level. ETH broke the USD 4,200 resistance and extended its increase above USD 4,300. The price tested the USD 4,375 zone, hitting its new all-time high before correcting lower. It is now consolidating gains and trading above USD 4,200.

On the downside, an initial support is near the USD 4,180 level. The first key support is now forming near the USD 4,120 level.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) was able to clear the key USD 2.18 and USD 2.20 resistance levels. It tested the USD 2.30 zone and is now trading below the USD 2.32 resistance. A fresh increase above USD 2.32 could set the pace for a larger increase towards the USD 2.50 level. On the downside, the previous resistance at USD 2.20 is now a support zone.

Litecoin (LTC) settled above the USD 200 level. An immediate resistance is near the USD 212 level. The next key hurdle is near USD 225. A close above USD 225 may possibly clear the path for a move towards the USD 250 level. The main support is near the USD 192 level.

Dogecoin (DOGE) settled above the USD 0.250 pivot level. The price is now consolidating above USD 0.250 and it could rise further above USD 0.265. The next major stop for the bulls is near the USD 0.280 level. If there is a downside correction, the price might find support near USD 0.232.

XRP price is lacking momentum above the USD 1.15 level. The main barrier is still near USD 1.20. A close above USD 1.20 is needed for upside continuation. In this case, the price might rise towards the USD 1.32 level. If not, it could revisit the USD 1.00 support zone in the coming sessions.

Other altcoins market today

Many altcoins are up over 10%, including NEXO, SOL, RUNE, FLOW, ENJ, OMG, REN, VET, QTUM, AAVE, HT, and TEL. Out of these, SOL gained 18% and surpassed the USD 190 level, before correcting lower. It’s now the 6th largest cryptoasset by market capitalization, just above XRP.

To sum up, bitcoin price is correcting gains from USD 67,000. However, BTC might support near USD 63,500 or USD 62,000, and it could start a fresh increase in the near term.


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