Bitcoin and Ethereum Hold Ground, FLOW Rallies

cryptonews.com:

Bitcoin price spiked lower but remained above the USD 22,500 support before recovering above the USD 23,000 level again. It is currently (04:00 UTC) trading near USD 23,180 and is almost unchanged in a day and down 3% in a week.

Similarly, most major altcoins are attempting a fresh increase. ETH could gain bullish momentum if there is a clear move above USD 1,680. XRP could accelerate higher towards USD 0.388. ADA is stable above the USD 0.50 pivot zone.

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After testing the USD 22,500 support, bitcoin price started a fresh increase. BTC climbed above the USD 23,000 resistance level and is showing positive signs. On the upside, an immediate resistance is near the USD 23,380 level. The main resistance is still near the USD 23,500 level. A clear move above the USD 23,500 resistance zone could initiate a stronger increase.

On the downside, an immediate support is at USD 23,000. The next major support is near the USD 22,500 zone, below which the price could accelerate lower in the coming sessions.

Ethereum price also reacted to the downside below the USD 1,600 level. However, ETH remained above the USD 1,650 support. The price is now rising and trading near USD 1,660. ETH is up almost 1% in a day and down 4% in a week. The next key resistance is near the USD 1,680 level, above which the price might gain bullish momentum. In this case, the price could rise to USD 1,750.

On the downside, an initial support is near the USD 1,600 level. The next major support is near the USD 1,550 zone, below which the price could continue to move down.

Cardano (ADA) remained stable above the USD 0.50 support level. If there is a fresh increase, the price might rise and test the USD 0.52 resistance. The main resistance is near