Crypto NewsEthereum (ETH)

Ethereum, RippleCardano, Solana and ShibaInu

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

Ethereum, RippleCardano, Solana and ShibaInu, Crypto Trading News

This is what awaits you in this article

Ethereum (ETH)

Ethereum had crashed for the past week, with the biggest selling volume occurring on Thursday when the price touched its lowest point in 2022 at $1,700 (on Bitstamp). Since then, the price has recovered above $2,000 and found good support at $1,900. Overall, it’s been a very difficult week for ETH, which has lost 22% over the past seven days.

Still, there are signs of optimism that yesterday’s surge in volume could portend a potential reversal in the downtrend, at least in the short-term, as volume hasn’t been this high since 2021. At the time of writing, ETH is on the rise.

The next key resistance levels are at $2,200, $2,350, and $2,500. Indicators are also now favoring bulls, with the MACD and RSI indicators both signaling that a potential reversal could be in play. Should this occur in the next few days, the cryptocurrency perform well in the coming week and recoup some of the recent losses.
Ethereum, RippleCardano, Solana and ShibaInu, Crypto Trading NewsChart from TradingView

our recommendation Ethereum, RippleCardano, Solana and ShibaInu, Crypto Trading News

XRP fell yesterday at $0.336 (Binance) to levels not seen since February 2021. The sell-off was strong and since then the price of XRP has recovered to some degree, turning the $0.37 level into support. Overall, it lost 25% over the past seven days.

Any recovery will be on Resistance at $0.56, which has acted as support in the past. Considering that the market may have bottomed during yesterday’s sell-off, XRP has a good chance of recovering and attempting a recovery rally over the next few days.

However, it is important to note that the price has made lower lows on most charts, making the overall macro trend bearish despite any recovery rally. For this reason, it is best to watch the key resistance level carefully as sellers could return.
Ethereum, RippleCardano, Solana and ShibaInu, Crypto Trading NewsChart from TradingView

Despite a significant crash, ADA has made a sustained recovery over the past 24 hours. Yesterday, its price fell to $0.40 (Binance) where it found support and now it is just below the key resistance at $0.59. Compared to the previous two cryptocurrencies, ADA was the worst performer over the past seven days, losing 28% of its rating.

Volatility over the past three days has seen the price of ADA fall 39% and rebound 51%. This shows that the market can be very unpredictable and price fluctuations are unusual at this time. Volume rose yesterday but now appears to be falling, which should also reduce volatility.

The main challenge for ADA is to clear the resistance at $0.59. If successful, the price can attempt to rally to the next key level at $0.75.
Ethereum, RippleCardano, Solana and ShibaInu, Crypto Trading NewsChart from TradingView

Solana (SOL)

Since early April, Solana has plunged over 70%, with recent price action hitting a potential local bottom at $37 (Binance). The last time Solana’s price was this low was in August 2021. Losing 26% in the past seven days, Solana is the worst performer on our list.

The key support level is $44 and resistance is $57. As Solana tries to erase some of its recent losses at the time of this post, buyers need to build more momentum to break the above levels. If they succeed, the next target is $78.
Ethereum, RippleCardano, Solana and ShibaInu, Crypto Trading NewsChart from TradingView

Shiba Inu used to be one of the most popular cryptocurrencies during the bull market. Now the price has fallen to levels not seen since October 2021. It found good support during this recent drop at $0.000010 and SHIB is currently in a recovery rally. Despite its continued recovery, SHIB still lost 30% of its rating over the past seven days.

The key resistance levels are located at $0.000017 and $0.000020. To reach them, SHIB buyers need to reverse the momentum in their favor and sustain it over the coming week. In the past, SHIB has turned into one over a few days bear market Poorly performing beyond that, but as long as the market recovers, SHIB could do well.
Ethereum, RippleCardano, Solana and ShibaInu, Crypto Trading NewsChart from TradingView

Source: Crypto News Deutsch

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