Bitcoin Price and Ethereum Consolidate Despite Broader US Dollar Rally

cryptonews.com:

Bitcoin price managed to stay above the key $18,500 support. BTC is currently (03:10 UTC) consolidating near the $19,000 level. To start a fresh increase, the bulls need to gain strength for a move above the $19,500 resistance zone.

Similarly, most major altcoins are trading in a range. ETH corrected lower, but the bulls were active above $1,250. XRP started trading in a range near the $0.48 level. ADA is now trading below the $0.45 pivot level.

After struggling to clear the $19,500 resistance zone, bitcoin price saw a minor decline. BTC traded below the $19,200 and $19,000 levels. It even spiked below the $18,800 level and settled below the 50-hour simple moving average. It teste the $18,680 zone and is currently correcting losses. On the upside, the price is facing resistance near the $18,950 level. The next major resistance is near $19,000, above which the price might rise to $19,200. Any more gains might send the price towards the main weekly resistance at $19,500.

On the downside, an initial support is near the $18,800 level. The next major support is near the $18,550 zone, below which the price could start a major decline.

Ethereum price also followed a similar pattern after it failed to clear the $1,350 resistance zone. ETH declined below the $1,300 support zone and the 50-hour simple moving average. It tested the $1,270 zone and is currently correcting losses. On the upside, the price is facing resistance near the $1,315 level. The next major resistance is now forming near the $1,320 level, above which the price could revisit the $1,350 breakout zone.

On the downside, an initial support is near the $1,270 level. The next major support is $1,220, below which price could test $1,150.

Cardano (ADA) failed to clear the