ETH, XRP, ADA, SOL, and HYPE

This week, we are examining Ethereum, Ripple, Cardano, Solana and Hype in more detail.

Ethereum (ETH)

In an impressive reversal, Ethereum saw its price increase by 32% this week when it exceeded $ 2,000. At the time of this article, buyers try to confirm the level of $ 2,400 as a key support. In case of success, ETH has a clear route to $ 3,000 afterwards.

This rally surprised the market which was rather pessimistic about Ethereum. However, from the background at $ 1,400, the probability of a rescue rally was high and materialized now.

For the future, Ethereum seems determined to follow Bitcoin which recently crossed $ 100,000. A decline after such a rally is likely, but the momentum remains optimistic with good luck for higher summits later.

Ripple (XRP)

The volatility of XRP continues to remain lower compared to the competitors, but still managed to reserve a respectable price increase of 6% this week. This exceeded it above $ 2.3, which now acts as a support.

If buyers can maintain and increase this momentum, they can target $ 2.6 in the coming days, where sellers have returned in the past. Hopefully that a second attempt will be successful so that XRP can challenge resistance to $ 3 in the future.

For the future, this cryptocurrency is consolidated between $ 2 and $ 3 since November 2024. Whenever the price will leave this beach, volatility will explode and see it move much faster.

Cardano (ADA)

Cardano had an excellent week and closed with a price increase of 12%. This allowed him to get closer to the resistance of $ 0.9. Another push can see buyers try an escape around $ 1 in the future.

The momentum is in a clear rise in trend with higher stockings and higher ups. Indicators such as MacD and RSI also reflect this and support the continuation of this price action.

For the future, ADA's first major challenge will be at the resistance of $ 0.9. If this level is transformed into a key support, the price will have a clear route to challenge $ 1 and the previous summit at $ 1.3.

Solana (soil)

Solana prices are similar to ADA and has managed to close the week with a 12%increase. This has placed soil comfortably above $ 150 because it aims to higher highs.

With buyers under control, this cryptocurrency has a key goal at $ 186. Support is $ 152 and was not tested after his recent escape. This makes a probable withdrawal before continuation.

For the future, Solana is on the right track to return to a price of $ 200. Sellers can make their presence on the way, but the bullish momentum is strong enough to make a serious attempt in the coming weeks.

Hype (media threshing)

Hype is the second best performer on our list this week, with an impressive price increase of 21%. The resistance at $ 21 could not stop buyers, who rushed to this cryptocurrency and pushed it to $ 25 today.

The old resistance at $ 21 will now act as key support and as long as the price of the media threw remains above this level, the rally can continue towards new heights.

For the future, the most important resistances on the graph at the moment are at $ 24 and $ 28. At the time of this position, buyers and sellers are fighting around $ 24, and the winner will define the trend in the coming days.