Bitcoin and Ethereum Consolidate, GRT and APE Jump

cryptonews.com:

Bitcoin price started an upside correction from the USD 38,000 zone and was able to surpass the USD 39,200 resistance level. It is currently (04:57 UTC) struggling to clear the USD 39,500 level and is up almost 3% in a day, trimming its weekly losses to less than 5%.

Similarly, most major altcoins are facing key hurdles. ETH climbed above USD 2,880 but struggled near USD 2,920. XRP is consolidating losses near the USD 0.65 zone. ADA is struggling to recover above the USD 0.865 resistance zone.

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After forming a base above USD 38,000, bitcoin price started a decent increase and climbed above USD 39,300. If it clears the USD 39,500 and USD 39,650 resistance levels, the next major resistance might be USD 40,000, above which the bulls might gain strength in the near term.

On the downside, an initial support is near the 38,800 level. The next major support is near USD 38,200, below which the price might start another decline.

Ethereum price was able to recover above the USD 2,850 resistance. ETH even climbed above USD 2,900, but the bears appeared near the USD 2,920 level. ETH is now up almost 2% in a day and down 6% in a week. The next major resistance is near the USD 2,950 level, above which the price could rise towards the USD 3,000 level.

On the downside, an initial support is near the USD 2,850 level. The next major support is near the USD 2,800 level, below which the price might increase its losses.

Cardano (ADA) settled below the USD 0.85 level and started a consolidation phase. The first key resistance is near the USD 0.865 level. A close above USD 0.865 may perhaps start a fresh increase.

BNB is now trading well below the USD 400 level. On the downside, the USD 385 level is an immediate support. The