Bitcoin and Ethereum Hold Support, ETC Accelerates Again

cryptonews.com:

Bitcoin price traded close to the key USD 22,500 support zone before moving higher again. BTC is currently (04:12 UTC) consolidating near USD 22,900 and is unchanged in a day and up almost 8% in a week.

Similarly, most major altcoins are holding key support levels. ETH stayed above USD 1,550 and recovered higher. XRP failed to stay above the USD 0.37 level. ADA is back above the USD 0.50 pivot zone.

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After a close below the USD 23,500 level, bitcoin price extended its decline, but the bulls are now protecting the key USD 22,500 support zone. If there is a downside break and close below USD 22,500, the price may perhaps accelerate lower. The next major support is near the USD 22,000 zone, below which the price could test USD 21,200.

On the upside, an immediate resistance is near the USD 23,200 level. The next major resistance could be USD 23,500, above which the price could start a steady upward move.

Ethereum price spiked lower and tested the USD 1,550 support zone before recovering. It was able to clear the USD 1,600 level and test the USD 1,620 resistance. ETH is now up over 2% in a day and 13% in a week. On the upside, the price might face resistance near USD 1,650. The next key resistance is near the USD 1,680 level, above which the price might gain bullish momentum.

On the downside, an initial support is near the USD 1,580 level. The next major support is near the USD 1,550 zone, below which the price could take a hit.

Cardano (ADA) found support near the USD 0.488 level and recovered losses. The price is back above the USD 0.50 level, but it is facing a major resistance near USD 0.520.

BNB remained above the USD 272 support zone. The price is now trading above USD 282, with an immediate