Bitcoin and Ethereum Continue to Fail Near Highs, ATOM and ZEC Jump
Bitcoin price attempted an upside break above the USD 45,000 resistance. BTC spiked above USD 45,200, but it faced sellers near USD 45,350 and is now down 2% in a day. It is currently (04:17 UTC) trading below USD 43,500, with a key support at USD 43,000.
Similarly, most major altcoins are also facing resistance. ETH is struggling to gain momentum above USD 3,020 and is down almost 4%. XRP failed near USD 0.80 and corrected lower. ADA traded below USD 0.95 and tested USD 0.92.
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After a move above USD 45,000, bitcoin price faced resistance near USD 45,350. BTC failed to stay above USD 45,000 and corrected lower. There was a move below the USD 44,200 and USD 44,000 levels. An immediate support is near the USD 43,200 level. The next key support is near the USD 43,000 level, below which the price may perhaps decline to USD 42,500.
On the upside, the price is facing resistance near the USD 44,200 level. The key hurdle is still near the USD 45,000 level, above which the price might start a stronger increase.
Ethereum price attempted a close above USD 3,000, but failed. ETH faced sellers near USD 3,040 and USD 3,050. It is now trading below USD 3,000 and consolidating. On the downside, an initial support is near the USD 2,900 level. The next key support is near the USD 2,850 level, below which the price might dive to USD 2,750.
On the upside, the price must settle above the USD 3,000 resistance to gain momentum. The next pivot level could be near the USD 3,050 level.
Cardano (ADA) started a downside correction and traded below the USD 0.95 support. It is now struggling to stay above USD 0.92. If there is a downside break, the bears might even push the price below USD 0.90.
BNB is consolidating gains above the
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