Bitcoin and Ethereum Fluctuate, TRX and FTM Surge

cryptonews.com:

Bitcoin price extended its decline below the USD 38,200 level but it found support near USD 37,500 and move higher again. BTC is currently (04:09 UTC) trading above USD 38,700 and is up almost 2% in a day and is down 2% in a week. On the upside, the bears might remain active near USD 39,200 and USD 39,500.

Similarly, most major altcoins are trading below key hurdles. ETH settled below the USD 2,920 pivot level. XRP declined below USD 0.60 before it recovered to USD 0.62. ADA settled below the key USD 0.80 support zone.

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After a downside break below USD 39,200, bitcoin price gained bearish momentum. BTC even tested USD 37,500 before there was a recovery wave. The price is now trading above USD 38,700 while an immediate resistance is near the USD 39,000 level. The first major resistance might be USD 39,200, above which the price might rise towards USD 40,000.

On the downside, an initial support is near the 38,200 level. The next major support is near USD 37,600, below which the price might start a fresh drop.

Ethereum price also extended its decline below the USD 2,850 support zone. It even tested the USD 2,750 level. The price is correcting losses and facing resistance near USD 2,850. ETH is up over 2% in a day and down almost 3% in a week. The first major resistance is near the USD 2,920 level, above which the price could rise towards the USD 3,000 resistance.

On the downside, an immediate support is near the USD 2,800 level. The next major support is near the USD 2,750 level, below which the price might gain bearish momentum.

Cardano (ADA) settled below the USD 0.80 level and tested the USD 0.75 zone. It is now correcting losses and facing resistance near USD 0.80. The next key resistance is near the