This week we focus on price changes in major cryptocurrencies: Ethereum, Ripple, Cardano, Solana, and Hype.
Ethereum (ETH)
Ethereum has seen a 12% price increase this week, reaching key resistance at $1,800. Following this, a pullback occurred, but buyers are keen to break the current resistance and challenge the $2,000 mark. This marks the first clear sign of a potential reversal since December. For a sustained rally, buying volume must continue to rise.
Ripple (XRP)
XRP recorded a more modest 6% increase this week, securing the price above the $2 support level. However, the trading volume is decreasing, which limits attempts by buyers to push prices higher. XRP has key resistance levels at $2.3 and $2.6.
Cardano (ADA)
ADA registered an impressive 16% price increase this week, making it the top performer in our review. It cleared the $0.64 resistance, which now acts as support. If this bullish momentum continues, buyers will target the $0.9 level.
Amid positive movements in cryptocurrencies, investors' attention is shifting back to Ethereum, Ripple, Cardano, Solana, and Hype. These changes indicate a possible market reversal.
