Our focus this week is on the in-depth analysis of Ethereum (ETH), Ripple (XRP), Cardano (ADA), Solana (SOL), and HYPE.
Ethereum (ETH) started off the week on a positive note, testing the $2,800 resistance after a 10% rally. However, recent geopolitical tensions following a bombing in Iran by Israel negatively impacted the entire crypto market, causing ETH to lose most of its recent gains and close the week with a marginal 1% gain.
As the market continues to grapple with geopolitical uncertainty, expect ETH to show a bullish bias if key support holds, despite the possibility of higher volatility.
Ripple (XRP) exhibited a bearish trend this week, declining by 1% after failing to breach the $2.3 resistance. The crypto asset needs to maintain the $2 support level to aim for higher highs in the future.
Cardano (ADA) attempted to break away from the $0.64 support but was pulled back to this critical level, recording a 2% loss for the week. If ADA fails to maintain above the $0.64 mark, it could potentially revisit the $0.5 level in the near future.
Solana (SOL) experienced a brief period of excitement when its price surpassed the $152 resistance, but it soon fell under $150. If the current bearish momentum persists, SOL could soon revisit the $130 support level.
HYPE, on the other hand, made impressive strides this week, hitting a new all-time high at $44 and closing the week with a 15% gain. If this trend continues, HYPE could soon challenge other major players like ADA, TRX, or even DOGE.
