Bitcoin and Ethereum Hover Above Key Levels, EGLD and MIOTA Accelerate

cryptonews.com:

Bitcoin price remained well bid above the USD 29,000 level, formed a base, and jumped above USD 30,000. It is currently (11:46 UTC) showing positive signs near USD 30,400 and might gain pace if it clears USD 31,200. BTC is up around 1% in a day and a week.

Similarly, most major altcoins are also moving higher. ETH could accelerate if it clears the USD 2,150 resistance zone. XRP is facing a key hurdle near the USD 0.45 level. ADA might make another attempt to gain strength above USD 0.60.

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After finding bids near USD 29,000, bitcoin price started a decent increase. BTC climbed above the USD 30,000 level while an immediate resistance is near the USD 31,200 zone. The next key resistance is now forming near the USD 31,500 level. A clear move above the USD 31,500 resistance could set the pace for a larger increase. The next key resistance is near the USD 32,200 level.

On the downside, an initial support is near the USD 30,000 level. The next major support is near the USD 29,200 level, below which the price could trade below USD 29,000.

Ethereum price also remained well supported above the USD 2,000 level. ETH climbed above the USD 2,050 level and is now up 2% in a day, trimming its weekly losses to 7%. If the bulls remain in action, there could be a steady increase above the USD 2,150 level. The next key resistance is near USD 2,200.

On the downside, there is a decent support near the USD 2,020 level. The next major support is near the USD 2,000 level, below which the bears might attempt a push below USD 1,980.

Cardano (ADA) fluctuates above the USD 0.55 pivot level. If the bulls remain in action, they could attempt a move above the USD 0.60 level. The next key resistance is near the USD 0.612 level.

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