Bitcoin and Ethereum Correct Gains, ETC Outperforms
Bitcoin price extended increase above the USD 43,000 resistance zone and even climbed above USD 43,200, but there was no move above USD 43,500. It is currently (04:20 UTC) consolidating near USD 42,000.
Similarly, most major altcoins are also correcting gains. ETH tested the USD 3,050 resistance before correcting lower. XRP is now consolidating near the USD 0.82 support zone. ADA spiked above USD 1.00 before correcting lower again.
Total market capitalization
After a clear move above USD 42,500, bitcoin price extended its increase above USD 43,000. BTC even moved above USD 43,200 before it faced sellers. It failed to test the USD 43,500 resistance and corrected lower. It is now trading below the USD 42,500 support. The next major support is near USD 42,000, below which the price might start a stronger downside correction.
Conversely, the price might start a fresh increase above the USD 42,750 level. The next major resistance is near the USD 43,000 level, above which the price could rise to USD 43,500.
Ethereum price was able to spike above the USD 3,020 level and test the USD 3,050 resistance before there was a downside correction below the USD 2,950 support. The next major support is near the USD 2,920 level, below which the price might test the USD 2,850 support zone.
On the upside, an initial resistance is near the USD 3,000 level. The next key resistance might be near the USD 3,050 level, above which the price may perhaps start a stronger increase.
Cardano (ADA) gained pace above the USD 0.95 resistance zone. It even climbed above the USD 1.00 level, but there was no upside continuation. On the downside, the USD 0.95 zone could act as a strong support.
BNB gained pace above the USD 405 level and tested USD 410. It is now
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