Like Bitcoin, some Altcoins also experienced a dip in price, including ETH, BCH, and TRX. ETH traded below the $600 and $592 support, and the price of ripple increased rapidly beyond $0.750 before dropping below $0.6.
Major Signals
- Bitcoin corrects below $19,000
- ETH goes down by 5% and trades below $600
- XVG and ZIL pull a bullish run
BTC's price increased beyond $19,200 but failed to go beyond $19,450 and $19,500 as the price witnessed a dip below the $19,000 level.
The $18,800 level is now acting as a support, and if the price goes lower than this level. It is likely to continue the decline below the $18,550 level. However, if the price eventually move upwards, it is expected to move towards $19,200 and $19,450
Ethereum witnessed a gradual dip in price from the $621 high and now trading below the $600 mark. If ETH drops below $580 support, the price will likely drop towards the $565 and $560 levels.
Otherwise, if the price of ETH increases, the $598 and $600 levels could act as a resistance point, and a proper break beyond this point could motivate the price to move towards the $620 level.
*What's your prediction for BTC and ETH? *
