Bitcoin and Ethereum Consolidate, SAND and AAVE Accelerate

  • Bitcoin price is still holding the key USD 30,000 level.
  • Ethereum remains above USD 2,000, XRP is consolidating above USD 0.40.
  • SAND and AAVE are up around 11%.

Bitcoin price remained well supported above the USD 30,000 level and even tested USD 30,500. It is currently (13:50 UTC) trading near USD 30,300.

Similarly, most major altcoins are also consolidating their gains. ETH tested USD 2,050, while XRP is stuck near USD 0.42. ADA is still facing resistance near the USD 0.55 level.

Total market capitalization

Source: tradingview.com

Bitcoin price

After breaking the USD 30,000 resistance, bitcoin price tested USD 3,500 before moving lower again. It’s up 3% in a day and 4% in a week. On the upside, an initial resistance is near the USD 30,500 zone. The next key resistance is still near the USD 31,200 and USD 31,500 levels.

An immediate support is near the USD 29,850 level. The next major support is near the USD 29,500 level, below which the price could start a fresh decline.

Ethereum price

Ethereum price also followed a similar pattern and kept inching higher above the USD 2,000 level. ETH almost touched USD 2,060 before moving towards USD 2,040 again. The price is up 4% in a day and a week. On the upside, an immediate resistance is near the USD 2,050 level. The key resistance is near USD 2,120, above which the price could start a stronger increase.