- Between $46,109 and $41,201, the BTC price is now in a critical market area.
- The Ethereum price might test support levels around $3080.
During the last several days, the price of bitcoin has shown incredible power, breaking above the critical resistance level of $42,000. However, despite a price range beyond $45,000, the price shows no apparent signs of sustaining its upward trajectory.
Between $46,109 and $41,201, the BTC price is now in a critical market area. These are the current levels of resistance and the levels of support that will be tested. If the price breaks past the barrier levels, we might be looking at $50,000 levels shortly. Alternatively, if the selling volume grows, the asset might sink much further than $41,000. And the asset’s recovery may be challenging and time-consuming this time around.
According to CoinMarketCap, the Bitcoin price today is $43,534.09 USD with a 24-hour trading volume of $29,383,240,468 USD.
Read More: Bitcoin Price Prediction
Ethereum’s Price Still on Track
Even if current market trends are against it, Ethereum’s price is still on track. After BTC’s recent climb, the ETH price rose slightly, but it kept taking careful measures to avoid a significant drop.
The Ethereum price might test support levels around $3080 and the bottom support of the channel. The ETH price might go down to the lower support level, just below $3000 if rejected at current levels. And if it fails to maintain these levels, it might strike the lower support level. A reversal from this level may allow the asset to keep inside the pattern and proceed to range high.
According to CoinMarketCap, the Ethereum price today is $3,107.93 USD with a 24-hour trading volume of $14,295,496,307 USD.
Read More: Ethereum Price Prediction
