This week, we take a closer look at Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Solana (SOL) as the market continues to show signs of consolidation and potential shifts in momentum.
Ethereum (ETH)
Ethereum struggled to maintain its position above $3,300 and declined by 4% over the past week. However, sellers lacked the strength to push the price below $3,000, which remains a critical support level.
For the past three weeks, ETH has been trading within a tight range, with every attempt to break above $3,300 quickly rejected. This prolonged consolidation phase may lead to a decisive breakout in the near future.
Looking ahead, Ethereum’s weekly MACD has turned bearish, suggesting that
Disclaimer:
The information provided in this article is for informational and educational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile, and past performance is not indicative of future results. Always conduct your own research and consult with a professional financial advisor before making any investment decisions. The authors and publishers of this content are not responsible for any financial losses incurred