Bitcoin Tests USD 24K, Ethereum Above USD 1.7K, ETC Keeps Pumping

• Bitcoin tested the USD 24,000 resistance.
• Ethereum surged and traded close to USD 1,800, XRP is approaching the USD 0.388 resistance.
• ETC is the best performer again.

Bitcoin price remained strong above the USD 22,500 level and started another increase, surpassing the USD 23,500 resistance. It even spiked above USD 24,000 and is currently (03:54 UTC) trading near USD 23,900. BTC is up over 3% in a day and a week.

Similarly, most major altcoins are also showing signs of more upsides. ETH even spiked above the USD 1,750 level. XRP is rising towards the USD 0.388 resistance zone. ADA might attempt a move towards the USD 0.55 resistance.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a minor downside correction, bitcoin price found support and remained stable above USD 22,500. A fresh base was formed and the price started an increase above USD 23,000. BTC even spiked above USD 24,000 before the bears emerged. An immediate hurdle is now at USD 24,000 again. The next major resistance could be USD 24,250, above which the price could trade to a new monthly high.

On the downside, an initial support is near the USD 23,500 level. The next major support is near the USD 23,200 zone, below which the price might revisit USD 22,500.

Ethereum price

Ethereum price outperformed bitcoin with a strong move above the USD 1,680 resistance zone. ETH gained almost 5% and there was a move above the USD 1,700 resistance zone. The price even rallied to USD 1,780 before it faced sellers. It is now correcting lower and trading near USD 1,725. ETH is also up over 9% in a week. On the downside, an initial support is near the USD 1,700 level. The next major support is near the USD 1,670 zone, below which the price might drop to USD 1,620.

On the upside, the price might struggle near USD 1,750. The next key resistance is near the USD 1,780 level, above which the price might rise to USD 1,850.

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) remained stable near the USD 0.50 zone. It is rising and trading above USD 0.52. The next major resistance on the upside is near the USD 0.55 level.

BNB started another increase above the USD 265 resistance level. It even broke USD 275 and tested USD 280. If there are more gains, the price may perhaps test the USD 288 resistance.

Solana (SOL) gained over 9% and surpassed the USD 42 resistance. The price is now attempting a move above the USD 43.50 level. If the bulls succeed, the price could jump to USD 45.

DOGE extended its increase and tested the USD 0.0700 resistance. If there is a close above the USD 0.0700 resistance, the price might rise to USD 0.0750.

XRP price is trading well above the USD 0.35 resistance zone. It is moving higher toward the USD 0.388 level. The next major resistance is near the USD 0.40 level.

Other altcoins market today

Many altcoins are gaining momentum, including DOT, MATIC, AVAX, UNI, ETC, LTC, FTT, CRO, LINK, NEAR, ATOM, and BCH. Out of these, ETC rallied almost 26% and surpassed the USD 41 level, increasing its weekly gains to 60%. ETC is the best performer among the top 100 cryptoassets by market capitalization today, and the second-best in a week (BTG jumped 61%).

Overall, bitcoin price is gaining pace above the USD 23,500 level. If there is a close above USD 24,000, BTC could rise towards USD 25,000.

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