Bitcoin price remained well maintained above the USD 28,500 level and began a fair increase above the USD 29,500 resistance. Currently, it is trading close to USD 30,200 and is up 3% in a day and 4% in a week.
In a similar manner, most major altcoins are climbing higher. ETH regained losses and moved above USD 0.42 but is striving to gain momentum. ADA is facing resistance close to the USD 0.55 level.
After a downside correction, bitcoin price spotted support close to the USD 28,500 level, regained and broke the USD 30,000 resistance, leading into a positive zone. On the upside, an original resistance is close to the USD 30,500 zone. The next key resistance is still close to the USD 31,500 levels.
An instant support is close to the USD 29,850 level. The next major support is close to the USD 29,500 level, under which the price may start a new decline.
Ethereum price also accompanied the same pattern and regained above the USD 1,950 level. ETH climbed higher and recovered the USD 2,000 barrier. ETH is up 3% in a day and also a week. On the upside, an instant resistance is close to the USD 2,050 level. The key resistance is close to USD 2,120 above which the price may begin a greater increase.
An original support is close to the USD 1,950 level. The next big support is close to the USD 1,900 level under which the price may claim bearish momentum.