- Bitcoin price gained pace and surpassed the USD 58,000 level.
- Ethereum cleared the USD 3,600 resistance, XRP eyes the USD 1.20 resistance.
- WAVES, DOT, and TEL are up by 15%-26%.
Bitcoin price formed a base above the USD 55,000 level. BTC started a fresh increase and cleared the USD 57,500 resistance. It is currently (04:25 UTC) trading above USD 58,000 and it could continue to gain pace in the near term.
Besides, most major altcoins are also gaining pace. ETH is up almost 4% and it cleared the USD 3,600 resistance zone. XRP is also rising, but it is still well below the USD 1.20 resistance. ADA is aiming an upside break above the USD 2.20 resistance.
Total market capitalization
Bitcoin price
After a fresh increase above USD 56,500, bitcoin price gained bullish momentum. BTC broke the USD 57,200 and USD 57,500 resistance levels. It is now trading above the USD 58,000 level and is showing positive signs. On the upside, an initial resistance is near the USD 58,500 level. The next key resistance is near USD 59,000, above which the price might rise towards USD 60,000.
On the downside, an initial support is near USD 57,500. The next major support is near USD 57,200, below which the price could revisit USD 56,500.
Ethereum price
Ethereum price also followed bitcoin and was able to clear the USD 3,550 resistance level. ETH even surpassed the USD 3,600 level and is showing positive signs. If there is a clear break above USD 3,660, the price could continue to gain pace for a move towards the USD 3,750 level.
If there is no upside break above USD 3,660, the price could correct lower. An initial support on the downside is near the USD 3,600 level. The first key support is now forming near the USD 3,550 level.
ADA, LTC, DOGE, and XRP price
Cardano (ADA) started a fresh increase above the USD 2.10 and USD 2.12 levels. The price is now trading above USD 2.15 and it could rise steadily towards…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
