The market for cryptocurrencies has been very active lately, especially for Ethereum and other major altcoins. Let’s take a closer look at the performance of key cryptocurrencies this week:
Ethereum (ETH): Ethereum has broken above the $2,500 resistance level, with a significant 14.7% increase. This is especially noteworthy given the recent approval of the Bitcoin ETF listing. Ethereum is currently on track for potential growth, targeting $3,000 with strong support at $2,500.
Ripple (XRP): XRP saw a 3% increase this week, remaining steady with support at 54 cents and resistance at 68 cents.
Cardano (ADA): ADA experienced a 4% price increase despite a correction, with potential for another attempt at breaking through the resistance at 60 cents.
Solana (SOL): Solana lost 3% in valuation, failing to break the $104 resistance, indicating a potential loss of momentum.
Binance Coin (BNB): BNB remains strong despite a 3% loss, with a significant target at $360 and nearest support at $260.
The overall market shows potential for bullish positions in Ethereum, Cardano, and Binance Coin, signaling a vibrant and dynamic market ahead. (Source: )