Is Ethereum an old coin

Bitcoin and Ethereum battle, big altcoins in red

Bitcoin price fell below the $ 49,000 and $ 48,000 levels again. BTC has tested the USD 46,200 support and is currently attempting a new increase (12:30 p.m. UTC). To get into a positive zone, the price must be above USD 48,000 and USD 48,500.
Also, most of the major altcoins show bearish characters. ETH is struggling to rebound above USD 1,500 and there is still a risk of a downside break. XRP / USD is still above the USD 0.450 support but there are bearish signs.

Total market capitalization

Bitcoin price

After a downward pause below $ 48,000, Bitcoin price tested the $ 46,200 support zone. BTC corrects losses and trades above USD 47,000. The first major resistance is near the $ 48,000 level. If there's a decent closing price above USD 48,000 and USD 48,500, the price could go up towards USD 50,000.
If the price does not level off above USD 48,000 and USD 48,500, there is the possibility of further disadvantages below the USD 46,500 and USD 46,200 levels.

Ethereum price

Ethereum price fell below the USD 1,500 pivot level, but the bulls are protecting the USD 1,450 support level. It seems like ETH is preparing for the next move above USD 1,500 or below USD 1,450 in the short term.
A successful close above USD 1,500 and USD 1,520 could open the doors for a move towards USD 1,550 and USD 1,565.

BNB, ADA, Litecoin and XRP prices

Binance Coin (BNB) has tested the USD 215 level and is making up for losses. The NBB is back above USD 220 and could test the main resistance zone of USD 232. Conversely, there is a risk of a downside break below the USD 215 lows. The next major support is near the USD 200 level.
Cardano (ADA) tested the USD 1.032 level and rebounded higher. ADA is back above USD 1,100 and could move higher towards the USD 1,150 resistance level. The next major resistance is near the USD 1,200 level. On the flip side, the bulls could be defending the USD 1,050 and USD 1,020 levels.
Litecoin (LTC) traded near the USD 165 support zone. LTC corrects higher above the USD 172 level. The first major resistance is near the USD 175 level above which the price could move towards the USD 185 resistance. The mainstay on the downside is near the USD 165 level.
XRP price is consolidating near the USD 0.450 support zone. If there is a downside break below the USD 0.450 support, it could see a decline towards the USD 0.420. On the upside, the bulls could face selling interest near the $ 0.480 level.

Other altcoin market today

Several altcoins rose over 10% including ZKS, STX, TFUEL, MIOTA, HOT, CHSB and CHZ. Conversely, SNX, ENJ, AAVE, CRV, KSM, ATOM, HT and DOT are down over 8%.

In conclusion, Bitcoin price is struggling to recover above the USD 48,000 and USD 48,500. BTC could see a steady spike if a strong closing price is above USD 48,000.
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