This article discusses recent market changes in cryptocurrencies with a focus on Ethereum, Ripple, Cardano, Solana, and Hype. We analyze their current state and possible future trends.
Current Situation of Ethereum
Ethereum shows an impressive rally, closing the week with a 22% gain. Currently, the price is above $3,600 and aiming for the key target of $4,000. Support is around $3,300, which has not been tested yet as buying pressure remains high. It is likely that the price will hit $4,000 before active sellers appear. The main task for Ethereum is to clear and turn $4,000 into support.
Ripple Analysis
Ripple made a new all-time high with a price just above $3.6 after a 37% rally last week. This achievement came after a long period of consolidation around $2. With the current market state, there is competition between buyers and sellers for a new equilibrium, and the old resistance at $3 is likely to turn into support. If buyers remain active, the price could target $4 in the coming days, provided the $3.6 level is broken.
Overview of Cardano, Solana, and Hype
Cardano has rallied by 26% this week, reaching the resistance level of $0.90. There is a possibility that the token can surpass $1 in the coming days. Solana approached the level of $186 after a 12% rally. Breaking this level will open the path to $200. Hype, on the other hand, recorded a 9% decline, indicating possible buyer exhaustion as interest shifts to other ecosystems like Ethereum.
The analysis of current prices for Ethereum, Ripple, Cardano, Solana, and Hype indicates significant changes in the cryptocurrency market. While some tokens continue to rise, others may face difficulties due to changes in investor interest.
