This week, significant price increases have been observed for several cryptocurrencies, highlighting their current popularity and investor interest.
Ethereum (ETH)
Ethereum continues its strong performance, closing the week with a 22% gain. Currently, the price of ETH stands above $3,600 and is aiming for the $4,000 mark. Support around $3,300 has yet to be tested, indicating strong buying interest. It is expected that ETH will challenge the $4,000 level before sellers become active.
Ripple (XRP)
Ripple has achieved a new all-time high, surpassing $3.6 after a 37% rally this week. After a prolonged consolidation around $2, XRP is back in the spotlight. The previous resistance at $3 is likely to become a new support level, and price may aim for $4 in the coming days if buyers remain persistent.
Cardano (ADA)
Cardano has reached the resistance at $0.90 after a 26% rally. With the current bullish momentum, ADA has a good chance of reclaiming a price above $1 in the coming days. Sellers are defending the $0.90 level, but this is unlikely to hold for long due to strong bullish momentum. Once this level is cleared, ADA can move higher.
The overall trend in the cryptocurrency market remains positive, with strong interest in Ethereum, Ripple, and Cardano. These assets are showing significant price movements and potential for future growth.
