This week, we take an in-depth look at the price changes of cryptocurrencies such as Ethereum, Ripple, Cardano, Binance Coin, and Solana.
Ethereum Condition
The market turned bearish, and Ethereum lost its support at $2,400, dropping by 21% over the past seven days. It is vital for the price to remain above $2,000 as a key psychological level. If lost, support is expected around $1,800.
Ripple's Decline
Despite efforts to remain bullish, XRP's price was pushed back to $2. Continued selling could result in a significant price decline. The week ended with a 23% loss for this cryptocurrency, with possible support at $1.6.
Cardano's Challenges
Cardano lost its key support at $0.64 and closed the week with a 25% price drop. This is concerning as the price might fall to $0.45, reverting ADA to bear market levels.
The past week has been challenging for many major cryptocurrencies, including Ethereum, Ripple, Cardano, Binance Coin, and Solana, which experienced significant price losses. Monitoring key support levels in the near future is critical.
