Bitcoin and Ethereum Keep Failing Near Key Hurdles, ALGO Rallies on FIFA News

cryptonews.com:

Bitcoin price started a consolidation phase above the USD 38,000 level. BTC attempted an upside break, but it faced sellers near USD 39,200. It is currently (04:06 UTC) trading around USD 38,500 and remains at a risk of more downsides. BTC is almost unchanged in a day and down 5% in a week.

Similarly, most major altcoins are facing many hurdles. ETH is facing resistance near USD 2,900 while XRP might struggle near USD 0.632. ADA is attempting to clear the USD 0.80 resistance.

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After a close above USD 38,000, bitcoin price moved higher and even spiked above USD 39,000. However, the bears were active near the USD 39,200 zone. As a result, the price trimmed gains and declined below USD 38,800. On the downside, an initial support is near the 38,200 level. The next major support is near USD 38,000, below which the price might decline heavily.

An immediate resistance on the upside is near the USD 39,000 level. The main hurdle is now forming near the USD 39,200 level, above which the price might rise towards USD 40,000.

Ethereum price recovered above the USD 2,850 resistance level and spiked above USD 2,880, but there was no upside continuation. The price stayed below the USD 2,900 level and is currently consolidating losses near USD 2,850. ETH is unchanged in a day and down 5% in a week. The main major resistance is still near the USD 2,920 level, above which the price could start a decent increase.

On the downside, an immediate support is near the USD 2,815 level. The next major support is near the USD 2,800 level, below which the price might revisit USD 2,750.

Cardano (ADA) is moving higher towards the USD 0.80 resistance. A close above this level could send the price to USD 0.820. The next key resistance