Cryptocurrency Valuation Overview for August 15: Ethereum, Ripple, Cardano, Solana, and Hyperliquid
Ethereum is inching towards its all-time high of $4,868, up 19% this week. If it can turn $4,900-$5,000 into a key support, it could reach $6,000-$7,000 and potentially $9,000-$10,000. Ripple has been less successful, seeing a 6% loss this week and remaining under $3.2 resistance. Cardano broke the $0.90 resistance, briefly hit $1, and ended with a 20% gain this week.
It aims to reclaim $1 as support and potentially reach $1.5. Solana is also trying to reclaim the $200 level and ended the week with a 13% gain. Finally, Hyperliquid saw a 20% increase, coming close to its all-time high of $50. If it can turn $50 into a key support, it could potentially reach $60-$66.