Bitcoin and Ethereum Still Consolidate, ETC and LEO Rally
Bitcoin price started a steady increase above the USD 38,000 resistance. BTC even traded above the USD 38,800 but faced sellers near USD 39,200. It is currently (04:19 UTC) consolidating, with a strong support near USD 37,800.
Similarly, most major altcoins are showing positive signs. ETH spiked above USD 2,800 and holding gains above USD 2,700. XRP might rise towards the USD 0.65 resistance. ADA is up almost 3% and trading near the USD 1.10 resistance.
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After a close above USD 38,000, bitcoin price extended its increase. BTC was able to clear the USD 38,800 resistance zone. However, the bears are now blocking the USD 39,200 zone. If there is another increase, the price could clear USD 39,200 and test the USD 40,000 resistance. The next major resistance is near the USD 40,800 level.
An immediate support is near the USD 38,200 level. The next major support is near USD 37,800, below which the price could face stronger selling pressure.
Ethereum price gained pace above the USD 2,700 level. ETH even broke the USD 2,750 resistance but faced sellers near USD 2,800. The next key resistance is near the USD 2,880 level, above which the price could rise towards the USD 3,000 level.
On the downside, an initial support is near the USD 2,720 level. The next major support is near USD 2,700, below which the price may perhaps test USD 2,600.
Cardano (ADA) gained pace after there was a clear move above the USD 1.05 resistance. It even broke the USD 1.08 level and is now approaching USD 1.10. Any more gains could send the price towards the USD 1.12 level.
Binance coin (BNB) is facing resistance near the USD 388 level. A clear move above USD 388 could send the price towards the USD 400 resistance. The next major
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