Tuesday, October 19, 2021
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Ethereum Hits New ATH and Bitcoin Above USD 36K

The price of Bitcoin is almost 8% higher and the USD 36,000 resistance is broken also Ethereum accelerated gains and traded above USD 1,550 to a new all-time high.

The price of Bitcoin gained strength and the main USD 35,000 level of resistance was clear. It opened the doors to more upsides, and even the USD 36,000 resistance was cleared by BTC. It is currently up nearly 8 percent, with immediate obstacles near USD 37,000 and USD 37,200. Similarly, most big altcoins show positive signs. With a break above the resistance levels of USD 1,450 and USD 1,500, ETH/USD outperformed.

Bitcoin prices began a steady rise after a successful break over the USD 35,000 resistance. BTC broke the rate of resistance of USD 35,800 and USD 36,000 to step forward into a positive region. The first primary resistance is close to USD 37,000. The next main obstacle is USD 37,200, over which the price could rise to the level of USD 38,000.

According to cryptonews.com, the USD 36,200 mark, on the downside, is short-term support. The next big support is USD 35,800, below which the USD 35,000 support zone could be checked by the price.

The price of Ethereum increased by more than 12 percent and broke several major resistances near USD 1,450 and USD 1,500. The USD 1,550 mark was also cleared by ETH and traded to a new all-time high. The latest market activity shows that there are chances of further gains above the levels of USD 1,575 and USD 1,580.

If a downside correction exists, the initial support is close to the stage of USD 1,520. The first major support is USD 1500, where the bulls will stay active

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