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Ethereum and Major Altcoins Drop Against BTC

Ethereum and Major Altcoins Drop Against BTC

Bitcoin price continued its decline below the USD 62,000 support and broke the USD 60,000 support to enter a bearish zone.

BTC is down by almost 3% in a day, while other coins in the top 10 corrected 4%-6%. ETH declined below USD 4,350 and USD 4,250. XRP retested USD 1.05 while ADA tested the main USD 1.75 support zone.

The price could struggle to settle above USD 60,000 and USD 60,500. The first major resistance is now forming near the USD 62,500 level.

ETH traded below USD 4,250, but there was no break below USD 4,100. The price is still well above USD 4,000, but the bears could remain active near USD 4,320.

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