Bitcoin and Ethereum Attempt Recovery, Hurdles Nearby
Bitcoin price is attempting a recovery wave above the USD 42,000 level. BTC is currently (04:00 UTC) facing resistance near USD 42,500. A clear break above USD 42,500 might start a steady increase in the near term.
Similarly, most major altcoins are slowly rising. ETH is facing a major hurdle near USD 3,200. XRP might start a steady increase if it settles above USD 0.75. ADA is consolidating near the USD 1.35 level.
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After testing the USD 41,500 zone, the bitcoin price started a minor upside correction. BTC climbed above the USD 42,000 pivot level. An immediate resistance is near the USD 42,200 level. The next major resistance is near USD 42,500, above which the price could gain bullish momentum.
On the downside, initial support is near the USD 41,500 level. The next key support is near USD 41,200, below which the bears might aim a test of USD 40,500.
Ethereum price is attempting a recovery wave above the USD 3,100 zone. ETH is now facing resistance near USD 3,150. The main resistance is near USD 3,200, above which the price might start a decent increase. In the stated case, it could rise towards USD 3,350.
An initial support is near the USD 3,100 level. The key support is near USD 3,050, below which the price may perhaps break the USD 3,000 support.
Cardano (ADA) declined sharply below the USD 1.42 and USD 1.40 levels. It is now consolidating near the USD 1.35 level. If there is a fresh increase, the bears might remain active near USD 1.40.
Binance Coin (BNB) is consolidating near the USD 460 level. On the upside, the price might face hurdles near the USD 472 and USD 475 resistance levels. If there is another decline, the bulls might appear near USD 450.
Solana (SOL) is facing a major resistance near
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