Crypto NewsEthereum (ETH)

Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current

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

Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current, Crypto Trading News

This is what awaits you in this article

Ethereum (ETH)

After a significant rally, Ethereum seems to have found a local high above $1700, which has been considered strong so far Resistance acted. The price failed to surpass this level, falling 3.4% in the past seven days. The key support is found at $1,400.

Despite the ongoing pullback, Ethereum is still a very strong performance since the June bottom. Even if the price falls to the key support, expect buyers to return to the market and attempt a breakout above $1,700. The key support at $1,400 can act as a turning point to start the next upside move for the cryptocurrency trigger.

The indicators are currently showing some weakness on the daily time frame but the sellers are not very convincing. This shows that buyers could come into force again to take ETH above the current resistance and even towards $2,000.
Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current, Crypto Trading NewsChart from TradingView

investment tip Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current, Crypto Trading News

Ripple has failed to break away from the key resistance at $0.38 despite multiple attempts. On July 30, there was a massive wick that spiked above this critical level, but the bears quickly pushed it back down. Because of this, price action for XRP has remained relatively flat over the past seven days, up just 1.4%.

While indicators remain bullish, volume does not bring enough confidence that buyers will be able to break out of this range. With the weekend approaching, it is unlikely that we will see a breakout unless the market leaders (BTC and ETH) are attempting a significant rally.

Looking ahead, XRP fans will likely have to accept more sideways movement until a clean breakout occurs that turns the key resistance at $0.38 into support. Until then, XRP may continue to trade within this major channel between $0.38 and $0.30.
Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current, Crypto Trading NewsChart from TradingView

Cardano continues to struggle below the $0.55 resistance. Several attempts failed to create a successful breakout and this has kept the price relatively flat below the key level for the past seven days. The support levels remain at $0.50 and $0.45.

Looking at the price action, we can see that ADA has managed to make higher highs and higher lows, putting the price in a clear uptrend. Therefore, another battle between bulls and bears seems likely at the key resistance in the coming days.

Although the volume isn’t huge right now, buyers could attempt another breakout next week. Indicators like MACD and RSI remain bullish despite the recent pullback. This could develop into strong bullish momentum if buyers remain interested.
Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current, Crypto Trading NewsChart from TradingView

Solana (SOL)

There’s finally good news for Solana. After a market decline due to the recent Exploit On some Solana-based wallets, the price managed to find support at $40 and avoided a breakdown below the ascending triangle. Despite this, SOL still lost 6% of its rating over the past seven days.

It is crucial for the cryptocurrency to break out of this ascending triangle as it doesn’t have many days left to do so. If it succeeds, its price will likely embark on a much-needed rally to regain attention and buyers. Any breakdown from the key $44 support is likely to bring Solana back to the $35 support.

Looking ahead, expect Solana to increase in volatility as it nears the top of this formation. By counting the number of days remaining inside the triangle, we can see that SOL has about one more week inside the triangle before a major break becomes very likely.
Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current, Crypto Trading NewsChart from TradingView

Ethereum Classic (ETC)

Expected with Ethereum reconciliation until Proof of Stake in September there is a lot of speculation about what will happen to all the miners who are currently mining ETH. Vitalik, the lately founder of Ethereum specified (July 21) That one option could well be that they move to Ethereum Classic.

According to Vitalik, the price of ETC skyrocketed from $25 and peaked at $45. Shortly after, the cryptocurrency entered a pullback, and in the past seven days, ETC lost 10% of its valuation. Nonetheless, the price found good support at $34 which could act as a pivot towards the key resistance at $48.

Looking ahead, with the merger approaching for Ethereum, proof-of-work networks like ETC are expected to do quite well as attention shifts to the alternatives. Furthermore, ETC broke its massive downtrend set in May 2021. This is a major change in price action and gives a strong bullish bias.
Ethereum, RippleCardano, Solana and Ethereum Classic – Crypto News Current, Crypto Trading NewsChart from TradingView

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Source: Crypto News Deutsch

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