Bitcoin and Ethereum Move Higher, Altcoins Accelerate

cryptonews.com:

Bitcoin price remained well bid above the USD 28,500 support zone, formed a base, and started a fresh increase above the USD 29,200 resistance. It is currently (04:06 UTC) showing positive signs near USD 30,360 and is up almost 5% in a day and is unchanged in a week.

Similarly, most major altcoins started a steady increase. ETH is back above the USD 1,850 resistance zone and is up 6% in a day, but is still down 8% in a week. XRP is eyeing an upside break above USD 0.40. ADA rallied 12% and surpassed the USD 0.50 resistance.

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After forming a strong base above USD 28,500, bitcoin price started a steady increase. BTC was able to surpass USD 30,000 and moved into a positive zone. The next key resistance is near USD 30,500. A clear move above the USD 30,500 level might start a sharper increase. In this case, it could rise toward USD 32,000.

On the downside, an immediate support at USD 29,500. The main weekly support is near the USD 28,500 level, below which the price could face a strong selling pressure.

Ethereum price remained strong above the USD 1,700 level and started a steady increase above the USD 1,850 resistance zone. On the upside, an immediate resistance is near the USD 1,920 level. The next major resistance is near USD 1,950, above which the price could even clear USD 2,000.

If there is a downside correction, the price might find bids near USD 1,820. The next major support is near the USD 1,750 level.

Cardano (ADA) started a strong increase from the USD 0.45 support zone. There was a clear move above the USD 0.48 and USD 0.50 resistance levels. The next major resistance is USD 0.520.

BNB is trading above the USD 315 level. An immediate resistance is near the USD 320 level. A clear move above the