Bitcoin And Ethereum Make Recovery

The prices of Bitcoin and Ethereum have started to climb. Both coins have broken resistance and are now making a steady recovery out of a recent slump. Among the worst performing coins today is COMP, after experiencing unusual activity. 

The price of Bitcoin (BTC) has started to make its recovery, moving above its $42,500 resistance. The coin broke the $43,200 level and has moved into a positive zone. It is currently trading above $43,500 but could face further resistance near $44,400. 

Along with Bitcoin, many Altcoins are also making a recovery after a recent market slump. Ethereum (ETH) is up by almost 4% and was able to clear the $3000 resistance. Ripple (XRP) is now back above $0.950, while ADA is consolidating below $2.15 and could face hurdles at $2.20. 

Bitcoin price recovery

Bitcoin (BTC) has formed a strong base above $42,000 and has started a steady increase. After breaking both the $43,000 and $43,200 resistance levels, the coin is showing positive signs. Its next hurdle will now be near the $44,000 level. If BTC manages to clear the resistance at $44,400, the price could surge above $45,000. 

The current immediate support is near the $43,000 level. After that, the next support is at $42,500. If the price falls below this support, it could easily plummet below $42,000. 


Minimum Deposit


Exclusive Promotion

More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities

Buy crypto, or trade cryptocurrencies via CFDs

CopyPortfolios: Innovative, fully managed investment strategies

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Ethereum price recovery 

The price of Ethereum (ETH) has climbed above the $2,950 resistance level. The coin is up by almost 4% and is now trading above $3,000. If the positive trend continues, the price could surge towards the $3,100 level. The next major breakout zone for Ethereum is near the $3,120 and the $3,150 levels. 

If the trend turns downside, the initial support is at $2,980 and the first major support is forming at around $2,820. 

Altcoin prices

Cardano (ADA) is currently sitting around the $2.12 level. If the coin gains pace and rises above the $2.15 level, it could easily resist the $2.20 resistance. To surge higher, Cardano must clear this resistance. If the coin does not clear this resistance, the support is at $2.02 and $2.00.

Litecoin (LTC) is up by over 4% and has broken the $150 resistance. The next major resistance is around $155 and a close above this level may push the price to $165. If the price declines, it could fall towards the $140 level. 

Dogecoin (DOGE) is attempting to make a recovery and push above $0.202. If the coin goes past this, it will face immediate resistance at $0.205. If the coin clears this resistance, the price could shoot up towards the $0.212 pivot level. The $0.200 level is major support. 

Many Altcoins are up over 5% this morning. Out of these, OMG rallied 18% and tested the $11.20 level.