Bitcoin Reaches USD 41K, Ethereum Inches Higher, SAND and CELO Rally

Bitcoin price returned to the USD 41,000 level.
Ethereum broke the USD 2,720 resistance, XRP is eyeing an upside break above USD 0.80.
SAND and CELO jumped 19% and 34%, respectively.
Bitcoin price started a fresh increase above the USD 40,000 resistance and tested USD 41,450. It is currently (04:07 UTC) correcting gains near USD 41,000 but still might continue to rise towards the USD 42,500 level.

Similarly, most major altcoins are also moving higher. ETH is up 5% and it broke the USD 2,720 resistance zone. XRP could gain bullish momentum if there is a clear move above USD 0.80. ADA is approaching the key USD 0.85 resistance.

Total market capitalization

16 Mar 2022 09:21 PM PDT · 2 min read

Bitcoin Reaches USD 41K, Ethereum Inches Higher, SAND and CELO Rally

Bitcoin price returned to the USD 41,000 level.
Ethereum broke the USD 2,720 resistance, XRP is eyeing an upside break above USD 0.80.
SAND and CELO jumped 19% and 34%, respectively.
Bitcoin price started a fresh increase above the USD 40,000 resistance and tested USD 41,450. It is currently (04:07 UTC) correcting gains near USD 41,000 but still might continue to rise towards the USD 42,500 level.

Similarly, most major altcoins are also moving higher. ETH is up 5% and it broke the USD 2,720 resistance zone. XRP could gain bullish momentum if there is a clear move above USD 0.80. ADA is approaching the key USD 0.85 resistance.

Total market capitalization

Source: tradingview.com
Bitcoin price
After a sharp bearish reaction, bitcoin price started a fresh increase above the USD 40,000 level. It even cleared the USD 41,000 level and is now consolidating gains. It’s still up almost 5% in a day. The next key resistance is near the USD 41,550 level, above which the price could rise further in the near term.

If not, it could start a downside correction towards the USD 40,500 level. The next key support is near the USD 40,000 level, below which the price may perhaps retest USD 39,000.

Ethereum price
Ethereum price gained over 5% and there was a move above the USD 2,720 resistance. ETH even spiked above USD 2,750 while the next resistance is near the USD 2,850 level, above which the price could even surpass the USD 2,880 barrier.

screenshot-2022-03-17-at-06-20-38-price-tracker.jpg

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