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Crypto Watch: Bitcoin Fails Again as ETH Exceeds $400



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In today’s crypto watch, Bitcoin hovered again at $11,800 but was rejected and pulled back to the current level of around $11,680. Ethereum has returned to over $400 while lower-cap alts continue to fluctuate widely.

Crypto Watch: Bitcoin Tests $11,800

The price of Bitcoin at $11,800 is the main resistance to Bitcoin’s uptrend. After the price rose from a daily low of $11,600 to a daily high of $ 11,830, the asset actually tried to beat it. However, the bears intercepted this move at this point and BTC was unable to keep its price above that price. As a result, the asset initially fell to $11,700, then rebounded to just under $11,800, and then declined to $11,650-11,700.

Crypto Watch: BTC/USD Chart
BTC/USD Chart. Source: Tradingview

If BTC hits $11,800, it can challenge the next resistance level of $11,940, then $12,000 and then $12,400. In contrast, the support level is $11,400 and the psychological level is $11,000.

Interestingly, the price of Bitcoin continues to resemble gold. Precious metals also attempted to claim $1,960 but were turned down and withdrawn to $1,930.

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Ethereum Spikes Above $400

After falling to $380 a few days ago, Ethereum has returned to over $400. ETH even broke through $410 but fell slightly to around $402. According to CoinMarketCap, ETH is currently trading at $385.

The most impressive profits are usually made by lower-cap altcoins. Kusama leads with a price increase of 45%, followed by Aave with a price increase of 31%. After being listed on the cryptocurrency exchange Binance, Reserve Rights follows with 24%.

Crypto Watch: Market Overview
Cryptocurrency Market Overview. Source: Coin360

JUST (13.5%), Divi (13%), Yearn.Finance (8%), Loopring (7.6%), and iExec RLC (6.5%) are also showing positive signs on the crypto market.

On the other hand, Basic Attention Token (-9%), Ampleforth (-8.6%), ICON (-7.4%), and OMG Network (-7%) are the biggest losers in the past 24 hours.

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