This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin.
Ethereum (ETH)
Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000.
The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a bit.
Looking ahead, if ETH can’t stop sellers at the key support, then the price is likely to fall towards $2,800 next.
Chart by TradingView
Ripple (XRP)
XRP also suffered this week, and its price fell by 7%. Buyers could not break above the 68 cents resistance, and the price tumbled soon after.
The good news is that the key support is not far away – it’s at 54 cents, and buyers could return there to stop this correction.
Looking ahead, XRP remains in a large flat trend since late 2023. The price action did n
We współpracy z: https://cryptopotato.com/crypto-price-analysis-apr-04-eth-xrp-ada-shib-and-doge/
