How Bitcoin, Ethereum and Cardano Started the Week 15 August 2022

Cryptocurrency markets started the week sluggish. Market cap dropped 1.9 percent in 24 hours, bringing the total market cap to $1.21 trillion. Let’s examine the latest situation in Bitcoin (BTC), Ethereum (ETH) and Cardano (ADA). How many dollars is Bitcoin trading at? At what level is the Ethereum price? How did Cardano start the week?

Bitcoin (BTC) Analysis – How Many Dollars in Bitcoin?

Bitcoin started the day with a 2 percent drop. The lack of news flow and the inflation environment we are in also reflected on the crypto money market. Bitcoin is in a place where it can receive a reaction from the $24,000 support within the price zone it is in.

Bitcoin 4-hour chart

The closest support in Bitcoin is the $24,000 region, while an upper minor resistance is the $26,000 level. It is very important for the positive news based on Bitcoin to fall on the market and the flow of money to the market in order to realize an upward scenario that will reflect these price movements in the market in general. As of writing, Bitcoin is trading at $ 24,101.

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Ethereum (ETH) Price Action

When we look at the price action on the Ethereum side, we see that it has increased by 13.4% in the last week. However, ETH started the day with 4.5 percent decline.

Ethereum 4-hour chart

We can say that Ethereum continues to move between two resistances as of the level at which it is currently traded. If the pullback continues in Ethereum (ETH), we can expect market conditions to react from the support in the $ 1,800 band. As of writing, Ethereum is trading at $ 1,912.

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Cardano (ADA) Latest Status

The coin of the Cardano network, ADA, has started the day with a 5.8 percent decline. ADA, which has reached the $ 0.6 level in the past few days, is currently declining and is trading in the 0.55 support band.

Cardano’s 4-hour chart

The next resistance on Cardano is $0.6, while the nearest support level is the $0.55 band. Cardano is trading at $0.55 at the time of writing.

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