Bitcoin and Ethereum Correct Gains After Nearing New Highs, ETC and NEAR Rally

cryptonews.com:

Bitcoin price settled above the USD 21,500 resistance zone, started a steady increase and was able to spike above the USD 22,800 level before retreating. It is currently (04:08 UTC) trading near USD 21,900 and is still up almost 3% in a day and 10% in a week.

Similarly, most major altcoins are trimming their gains. ETH remained strong and briefly rallied above the USD 1,600 level. XRP is still stuck near the USD 0.35 level, while ADA almost tested the USD 0.50 resistance zone.

Total market capitalization

After a steady move above the USD 21,500 level, bitcoin price extended its gains. BTC was able to break the USD 22,500 level and spike above USD 22,800, before moving towards USD 21,900 again. The next major support is near the USD 21,500 zone, below which the price could steadily decline.

An immediate resistance is near the USD 22,500 level. The next major resistance could be USD 22,800, above which the price could gain bullish momentum and rise to USD 23,500.

Ethereum price again outperformed bitcoin with a strong move above the USD 1,500 resistance. ETH even spiked above USD 1,600 before a downside correction towards USD 1,500, where it might find support. The next major support is near USD 1,450, below which the price could visit the USD 1,350 support zone. ETH is still up over 7% in a day and 39% in a week. 

On the upside, the bears might remain active near the USD 1,600 level. The next major resistance is at USD 1,640, above which the price could test USD 1,700.

Cardano (ADA) failed to settle above the USD 0.48 resistance after it didn’t succeed near the USD 0.50 barrier. ADA moved below USD 0.48 again and trimmed its daily gains to less than 4%.

BNB was able to spike above the USD 265 resistance before correcting lower.