Bitcoin and Ethereum Stuck Between Key Levels, ETC and THETA Rally

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Bitcoin prices continued to fall below USD 41,800. BTC reached USD 41,250 but recently corrected higher. It currently trades above USD 41 700 at 04:01 UTC, but a break of USD 42,750 will be required for a decent recovery.

In the same way, major altcoins are trying to correct their downward trend. ETH surged below USD 3120, but the bulls secured USD 3050. XRP is not settling above USD 0.750. ADA lost ground and fell below USD 1.50.

Bitcoin price
After breaking below USD 42,500, Bitcoin price continued to decline. BTC even crossed the USD 42,000 support mark. The price soared to USD 41 500 before the bulls arrived and drove it above USD 42 400 before falling towards USD 41 700 again.

The downside is that USD 41,200 is the next major support, and below this level there is the risk of a steeper decline.

Ethereum price
Ethereum price continued to decline below USD 3,120 support. ETH reached USD 3,080 before recovering higher. A USD 3,200 resistance is nearby. The next major resistance is close to USD 3,250. If the price reaches this level, it might attempt an upward trend.

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