Bitcoin and Altcoins Consolidating Gains Above Key Supports · Cryptosumer

Yesterday, there were solid bullish moves in bitcoin price above the USD 3,950 and USD 4,000 resistance levels. BTC/USD recently tested the USD 4,050 resistance and corrected lower. The price is currently (UTC 08:10 AM) consolidating in a range and dips remain supported near the USD 4,000 and USD 3,980. Similarly, ethereum price extended gains and tested the key USD 140 resistance. Later, ETH/USD corrected lower and it is currently trading near the USD 138 support. Ripple price traded close to the USD 0.310 resistance, where sellers emerged and later the price corrected lower below USD 0.308 and USD 0.306.

Total market capitalization

Source: coinpaprika.com

Bitcoin price

There was an upside extension in bitcoin price above the USD 4,000 resistance. BTC/USD traded above the USD 4,020 level and tested the USD 4,050 resistance level. However, buyers failed to gain strength above USD 4,040 and the price later corrected lower.
An immediate support is at USD 4,000, below which the price may perhaps test the USD 3,980 support. The main buy area is near the USD 3,950 level. On the upside, a strong follow through above USD 4,040 and USD 4,050 is must for buyers to gain traction.

Ethereum price

Ethereum price tested the all-important USD 140 resistance level before sellers emerged. ETH/USD corrected lower and recently tested the USD 138 support level. At the outset, it seems like the price is struggling to stay above USD 138 and it could correct towards USD 136.
On the upside, the USD 139 and USD 140 levels are important resistances. A successful close above USD 140 may push the price towards the USD 144 level.

Bitcoin cash, eos and ripple price

Bitcoin cash price extended its rally above the USD 168 and USD 170 levels. BCH/USD traded close to the USD 174 level and recently corrected below the USD 170 support. The next key support is near the USD 165 level, where buyers might appear.
EOS surged above the USD 4.00 and USD 4.20 resistance levels. The price even…

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