Market Status: Ethereum Rises on the Day Altcoins Wear Green

Bitcoin price found support in the $23,000 area and resumed its upward movement. Bitcoin even broke through the $23,400 level to currently be up 2% from yesterday and 13% from last week.

To Report Crypto News, today most of the altcoins in the market are also green. Ethereum was able to cross the $1,600 level with an increase of 9%. XRP is running towards $0.40 and Cardano has successfully crossed the $0.5 resistance.

Bitcoin price

After Bitcoin formed a base above the $23,000 level, the uptrend has resumed. Crossing the levels of $23,200 and $23,400 and then looking to cross the resistance of $23,500 is the status of Bitcoin today. If the upward trend continues, reaching the $24,000 resistance is not far off. In this case, the next resistance in front of Bitcoin is in the area of ​​$24,500, and after that there is a good room for price growth.
Now, if the trend of Bitcoin goes down, the first support for Bitcoin will be in the range of $23,000. The next key support is in the $22,500 range, and crossing it could lead to a sharper price decline.

Ethereum price

Ethereum formed a base above the $1,500 level and then climbed above the $1,600 resistance. Ethereum is now down almost 9% from yesterday and 35% from last week. The next key resistance is in the range of $1,650, and if it is crossed, the way to reach $1,720 will be paved.
Now, if Ethereum takes a bearish trend, the first support at $1,580 and the next support at $1,550 will try to prevent the price from falling further. Crossing these supports increases the chances of the price reaching the $1,500 support again.

The price of altcoins

Cardano received support at $0.465 and then continued to climb above the $0.50 level. The main resistance in front of the Cardano price is at $0.525.

BNB is currently trading above $262 in an uptrend. The next main resistance is in the range of $272, crossing which could mean the price reaching the level of $288.

The price of Solana is trading above the $43 level with an increase of more than 7%. The next key resistance is close to $45.50, and crossing it can be seen as a rise to the $48 level.

Dogecoin has bounced back above $0.070 and is even close to the $0.072 range. The next key resistance is at $0.075 and a break through it could spark a move towards $0.080.

Crossing $0.38, XRP price is now looking to break the $0.40 resistance, as bulls know that crossing this resistance can increase the pace of growth.

Most of the altcoins in the market had an upward trend. For example, several altcoins such as Ethereum Classic, Neo, Near Protocol, IPcoin and several other digital currencies have increased between 11 and 20% today.

In short, Bitcoin is already climbing towards its $24,000 resistance. If it manages to break through this resistance, it may safely climb up to $25,000, but if it fails to do so, it is likely to return to the $22,500 level once again.