Bitcoin Below USD 34K, Ethereum Keeps Trending Lower, XMR, AXS, and NEAR Rally

  • Bitcoin price is struggling below USD 34,000.
  • Ethereum settled below USD 2,500, XRP is approaching USD 0.55.
  • Several smaller altcoins are rallying.

Bitcoin price remained in a bearish zone below the USD 38,000 level and extended losses below the USD 35,500 support. It is currently (04:04 UTC) showing bearish signs near USD 33,637 after recovering from USD 33,400. BTC is down almost 3% in a day and 12% in a week.

Similarly, most major altcoins declined heavily. ETH traded below the USD 2,550 and USD 2,500 support levels. XRP declined below the USD 0.58 support and tested USD 0.555. ADA is moving lower towards the USD 0.70 level.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a failed recovery attempt near USD 36,200, bitcoin price started a fresh decline. It even traded below the USD 34,000 support level and tested USD 33,400. An immediate resistance is near the USD 34,500 level. The next key resistance is now forming near the USD 35,500 level.

On the downside, an initial support is near USD 34,000. The next major support is near USD 33,500, below which the price might resume its decline.

Ethereum price

Ethereum price also started a major decline from the USD 2,650 resistance. ETH broke the USD 2,550 and USD 2,500 support levels. It even spiked below USD 2,450 and tested USD 2,420. It is now consolidating near the USD 2,460 level and might face resistance near the USD 2,500 level. ETH is down almost 4% in a day and 13% in a week.