The price of bitcoin reverted lower after failing once more to gather momentum for a move above the USD 20,500 resistance. It is down nearly 2% in a day and 6% in a week as of right now (03:52 UTC) and is consolidating near USD 20,100.
The majority of significant cryptocurrencies are likewise trending downward. ETH failed to hold a price over USD 1,600 and plummeted. Near the USD 0.32 support, XRP is trapped. After failing to clear the USD 0.465 level, ADA corrected downward.
Ethereum Price
The Ethereum price made an effort to go decisively above the USD 1,620 barrier level. ETH, however, was unable to advance further upward near the USD 1,650 resistance region. The price saw a downward adjustment and tested the USD 1,550 level. ETH has decreased by 3% in one day and 6% in one week. The bears might continue to trade at the USD 1,600 and USD 1,620 levels if there is a new advance.
On the downside, temporary support is currently located close to the $1,550 mark. Below USD 1,500, the price may test the USD 1,420 support, which is the next significant level of support.
LUNC Leads Today’s Market For Alternative Cryptocurrencies
DOT, SHIB, TRX, AVAX, UNI, ETC, ATOM, ALGO, VET, ICP, FIL, and APE are just a few of the cryptocurrencies that are falling in price. LUNC, on the other hand, increased by more than 40% and exceeded the 0.00022000 mark, making it the greatest performer among cryptocurrencies. In a week, it has increased by over 100%.
Overall, the price of bitcoin is having trouble breaking through the USD 20,500 barrier area. BTC may move to approach the crucial USD 19,500 support if it settles below the USD 20,000 level.
