Bitcoin and Ethereum Still Range-Bound, GRT and RUNE Accelerate
Bitcoin price started another recovery wave above the USD 38,850 and USD 39,000 levels. BTC climbed above USD 39,500, before correcting below USD 39,000 again. The price is currently (04:02 UTC) consolidating above USD 38,700.
Similarly, most major altcoins are also fluctuating around important levels. ETH is stuck near USD 2,550, with a major hurdle near USD 2,600. XRP might attempt a fresh increase above the USD 0.80 resistance. ADA struggled to climb above the USD 0.82 resistance.
Total market capitalization
After forming a base, bitcoin price started a recovery wave above the USD 38,800 level and moved above USD 39,500. However, the bears remained active and there was no test of the USD 40,000 resistance. It is now consolidating below USD 39,000 while the next key resistance is still near the USD 40,000 zone, above which the price might start a steady increase.
If not, it could decline towards the USD 38,500 level. The next key support is near the USD 38,000 level, below which the price may perhaps retest USD 37,550.
Ethereum price attempted an upside break above the USD 2,600 resistance, but failed. ETH is now consolidating below UD 2,550. The next key support is near the USD 2,500 level, below which the price might decline to USD 2,440.
If the bulls attempt an upside break above USD 2,600 and succeed, the price could rise to USD 2,650. The next resistance is near the USD 2,750 level.
Cardano (ADA) spiked above the USD 0.81 level, but it failed to clear the USD 0.82 resistance. The price is now stuck in a range, with a key support at USD 0.78.
BNB is moving higher towards the USD 370 level. The first major resistance is near the USD 375 level, above which the price may perhaps rise towards the USD 385 level.
Solana (SOL)
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