Bitcoin and Ethereum on the rise, almost rebound

Yesterday the price of Bitcoin traded below the $ 40,500 level and BTC fell below the $ 40,000 level, but the bulls were working. The price has started to recover very well and is now trading around $ 42,300.

Likewise, the larger altcoins feature good markings. ETH fell below $ 3,000 before climbing. XRP is still struggling to resolve above its key pivot level of $ 0.750. The ADA fell below $ 1.10 before the rebound.

After falling below $ 40,000, the value of Bitcoin began to recover. BTC broke through the protection levels of $ 41,200 and $ 41,500 and the price rose above $ 42,000. If the bulls continue to do so, they could try to break above the $ 42,500 level. The next major strike is around $ 43,200, above which the price will start heading towards the $ 45,000 level.

Ethereum prices also rose and fell below the $ 3,050 support and ETH fell below $ 3,000 but registered gains of almost $ 2,920. It is now over $ 3,100. Current coverage is close to $ 3,150.