This week we will be taking a closer at Ethereum, Ripple Cardano Solana and Chainlink.
Ethereum investors have good news to end the week. The price of Ethereum has reclaimed the ascending triangle, and has seen a 4.8% rise in the last 7 days.
It was important for ETH get back into the formation because staying below it would have triggered a massive wave of selling until $1,440 became the main support. Fortunately, the bulls saved the day, and ETH is now testing if it will be able to push above the $1,660 key resistance.
Looking ahead, ETH seems to have put a temporary stop to the downward trend. If buyers are able to break through the resistance, this cryptocurrency may return on a trend and reach $1,800.
XRP exploded this morning and is on the way to reaching the key resistance of 57 cents, after a 7% gain in value.
This recent price action shows buyers are back, and they may dominate the next few days. Prior to this, the volatility had been relatively flat with little movement.
Support and resistance levels have not changed. They are 47 cents for support and 57 cents for resistance. Looking forward, this cryptocurrency might try to break the key…