This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin.
Ethereum (ETH)
After a significant rally from $1,660, Ethereum failed to move above $1,930 while the overall market turned bearish. Since then, ETH entered a correction and has lost 3.3% of its valuation this past week.
Fortunately for buyers, the support at $1,820 seems solid, and so far, the price managed to hold above. However, if the selling pressure intensifies, the support might fail.
Looking ahead, ETH’s price action indicates a loss of momentum for bulls, which could turn into a more significant correction. It is critical that the key support holds.
Chart by TradingView
Ripple (XRP)
Since the rejection at 53 cents, XRP entered a significant correction that took the price all the way to 45 cents. In the process, this cryptocurrency lost 8.7% in the past seven days.
Even if this correction continues, XRP has good support at 44 cents. This level was a key reversal point in the past, and b
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