Etheruem Bearish Turn Could Drag Bitcoin Lower, ATOM and GLM Rally

cryptonews.com:

Bitcoin price remained well below the $20,500 resistance zone. BTC is currently (03:30 UTC) trading below the $20,000 support zone. A downside break below $19,500 might start a major decline in the near term.

Similarly, most major altcoins are struggling to start a fresh increase. ETH started a major decline and traded below the $1,500 support. XRP is moving lower towards the $0.32 support. ADA might revisit the $0.45 support zone.

After many failed attempts, bitcoin price settled below the $20,000 support zone. BTC even moved below the $19,800 level and the 50-hour simple moving average. It is now consolidating above the $19,500 support zone. The next major support is near the $19,350 zone, below which the price could even test the $18,800 support zone.

Chart Source: Tradingview

On the upside, the price is facing resistance near $19,880. The next major resistance is now near the $20,000 level and the 50-hour simple moving average, above which the price could start a decent increase.

Ethereum price struggled to clear the $1,650 and $1,655 resistance levels. As a result, there was a sharp bearish reaction after the merge completed. ETH declined heavily below the $1,600 level and the 50-hour simple moving average. It even broke the $1,500 level and tested the $1,460 support. The next major support is $1,420, below which price could revisit $1,350.

Chart Source: Tradingview

On the upside, an immediate resistance is near the $1,500 level. The next major resistance is now forming near the $1,560 level.

Cardano (ADA) failed to clear the $0.48 resistance zone. It reacted to the downside and traded below $0.465. Any more losses might send the price towards the $0.45 support.

BNB is consolidating near the $272 support zone. If there is a