Crypto NewsEthereum (ETH)

Ethereum, RippleCardano, Binance Coin and Solana

                                                            Diese Woche werfen wir einen genaueren Blick darauf Ethereum, RippleCardano, Binance Coin und Solana.

Ethereum, RippleCardano, Binance Coin and Solana, Crypto Trading News

This is what awaits you in this article

Ethereum (ETH)

Ethereum had a very painful period in June when the price fell below $1,000. However, those declines have brought back buyers, and over the past seven days, ETH is up 9%. At the time of this post, ETH is sitting comfortably above the key support level.

This price action could turn into a significant recovery rally with potential targets at $1,420 and $1,700. These values ​​act as Resistancewhen they are reached. Right now, ETH is making higher lows and the momentum is bullish. The MACD on the daily time frame also crossed to the bullish side yesterday, confirming this bias.

Nevertheless, many market participants remain skeptical about the price increase, but this is after such a long period of time correction shouldn’t surprise anyone. Rallies during bear markets can be significant, especially when the price has been in a downtrend since March.
Ethereum, RippleCardano, Binance Coin and Solana, Crypto Trading NewsChart from TradingView

XRP has had a strong performance this week, up 19.5% over the past seven days. This recent push to the up has the cryptocurrency led to key resistance at $0.38. It would be quite impressive to see it continue higher without much regard for resistance.

During last week’s crash, XRP found good support at $0.30 and acted as a strong pivot for its current rally. The short term indicators for the daily time frame have also turned bullish and the RSI has moved above 50 points, in the bullish side.

Looking ahead, the biggest question is whether XRP will manage to break the key resistance. In that case, buyers could push the price back down to around $0.5, which would fully erase the June losses.
Ethereum, RippleCardano, Binance Coin and Solana, Crypto Trading NewsChart from TradingView

While Cardano has shown tremendous strength at the key $0.45 support level, it has disappointed in its recovery as it has not climbed by any significant amount to date. Because of this, its price is up just 4.3% over the past seven days, which is five times lower than altcoins like XRP.

The price is condensing above the key support and the daily time frame indicators just turned bullish today with a MACD crossover to the positive side. This is of course a short-term outlook. On larger timeframes, the cryptocurrency remains in a downtrend.

Looking ahead, ADA might attempt a rally in the coming week to challenge the bears at the key $0.55 resistance. If successful, ADA could go as high as $0.66.
Ethereum, RippleCardano, Binance Coin and Solana, Crypto Trading NewsChart from TradingView

Binance Coin (BNB)

Binance Coin found itself in very dangerous waters in June as it trended below $200. This is because a price below this level would nullify the uptrend set since March 2020. Luckily for BNB, this dip below $200 was brief and short-lived. Since then, the price has trended up and the key support at $200 remains strong.

BNB has been recovering well so far, posting a 12% gain over the past seven days. This recovery rally could continue to $267 where initial resistance can be found. If that doesn’t hold the bulls back, then the next key level to watch for is $347.

As Binance Coin indicators turn bullish, the bias is bullish in the short to medium term. However, be careful once the price approaches the first resistance at $267. A sharp rejection there could turn sentiment bearish again.
Ethereum, RippleCardano, Binance Coin and Solana, Crypto Trading NewsChart from TradingView

Solana (SOL)

Since touching the $27 support, Solana has had only one direction: up. Because of this, SOL has seen its price rise 32% over the past seven days. This makes it the best performer on our list. Most recently, the price broke above the key resistance at $37 and it might soon challenge the resistance at $44.

This action and volatility has historically made SOL both the best and worst performer depending on the market trend. Market participants will need to consider this type of volatility when considering Solana going forward.

Looking ahead, SOL could continue its current uptrend in the short-term. However, there will be a strong resistance as the price approaches the $50 level. A cancellation there could again lead to a significant correction.
Ethereum, RippleCardano, Binance Coin and Solana, Crypto Trading NewsChart from TradingView

Source: Crypto News Deutsch

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