Crypto NewsEthereum (ETH)Ripple (XRP)

Ethereum, Ripple, Solana, Luna and Avalanche

                                                            Diese Woche schauen wir uns das genauer an Ethereum, Ripple, Solana, Luna und Avalanche.

This is what awaits you in this article

Ethereum (ETH)

Ethereum has taken back the $ 4,000 level and appears poised to move towards the next major resistance at $ 4,400. The battle for the $ 4,000 mark was intense, and it took almost a week for buyers to prevail. The price fell to the former $ 3,700 support several times and the outlook on Monday was bleak. However, this quickly changed when the market picked up again. As such, the ETH finished the last seven days with a decent price increase of 3.7% green.

The indicators have now turned bullish in the daily timeframe, particularly the MACD which crossed to the positive side on Wednesday. ETH should continue to rise where it will meet its next challenge, the resistance of 4,400 USD.

While current price action requires optimism, it is important to remember that the weekly time frame continues to be bearish and current price action can be a short-term relief. Only if ETH goes above current resistance can a test of the all-time high at $ 4,868 be hoped for.
Chart according to TradingView

Ripple (XRP)

This week, XRP finally returned to the uptrend after a 14-day consolidation. The price rose quickly to break through the USD 0.89 resistance which has now turned into support. At the time of this post, XRP is just below the $ 1 resistance, which has ended with an excellent 20% rise in price for the past seven days. Also the Cryptocurrency benefited from a good market environment, as discussed above for the ETH.

Since $ 1 is an important psychological level, XRP is unlikely to break above it on the first try. This appears to be the reason today’s price action has faltered after being rejected at this important level. XRP needs to consolidate and sustain recent profits before making another attempt at this key level.

The cryptocurrency is currently losing some momentum, as the MACD histogram shows, which could hit a lower high today. Nevertheless, a pullback in this context would be normal and another test of the $ 1 can be expected at any time.
Ethereum, Ripple, Solana, Luna and Avalanche, Crypto Trading NewsChart according to TradingView

Solana (SOL)

SOL also had a good week and was able to achieve a respectable price increase of 7.6% in the last seven days. After finding support at the $ 150 level, the price rebounded to sit at the $ 188 support that has acted as resistance in the past.

If SOL can sustain the current rally, the next major resistance will be at $ 205. With both the MACD and RSI going bullish in the daily timeframe, it is likely that the SOL can move higher in the week ahead. However, it seems difficult to break above $ 200 so it is wise to expect high volatility as the market moves forward.

This last surge was also on low volume so there is less confidence in the current price. The cops need to step up their game and their first mission is to keep a price above $ 188. If it’s successful there, SOL will likely have a valuation of $ 200.
Ethereum, Ripple, Solana, Luna and Avalanche, Crypto Trading NewsChart according to TradingView

Luna

Luna broke another record this week by hitting a three-digit valuation of $ 100. Because of this, it’s one of the most powerful on the market right now, with an explosive 56% surge in seven days.

This price movement is also partly due to the fact that the Terra USD Stablecoin is listed on the Binance stock exchange on Christmas Day. The acceptance of the Terra ecosystem is spreading quickly, which benefits the price of Luna. Somewhat ironically considering the listing news, the Terra network replaced Binance Smart Chains this week as the second largest network by total banned, second only to Ethereum.

The critical level at $ 100 is likely to act as resistance and Luna will be covered with an RSI above 75 points on the daily timeframe. While the fundamentals are strong for Luna, it is very important to be vigilant during turbulent price moves like now. The support level on the current chart is $ 77.
Ethereum, Ripple, Solana, Luna and Avalanche, Crypto Trading NewsChart according to TradingView

Avalanche (AVAX)

AVAX price has rallied very steeply since testing the USD 77 support level and is now at the USD 121 resistance level, ending the week with an excellent 25% rise. If AVAX can sustain this rally, it will likely test the all-time high at $ 147.

However, there are some warning signs that this rally may be nearing its end. The first is the lower highs on the MACD histogram (daily time frame). Volume has also disappeared as price increased and the RSI turned down. Taken together, the indicators show a significant loss of momentum, and AVAX could soon be a short one correction initiate if nothing changes.

Looking ahead, AVAX has good support of just over $ 100 and assuming the overall market remains bullish, AVAX is well positioned to continue to be a performer.
Ethereum, Ripple, Solana, Luna and Avalanche, Crypto Trading NewsChart according to TradingView.

Source: Crypto News Deutsch

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button