This week, we take a closer look at Ethereum, Solana, Cardano, Ripple, and Polkadot.
Ethereum (ETH)
As expected, this past week, ETH has finally found support, seemingly putting a stop to the downtrend that started in November. The price managed to hold well above the $3,000 support level but is yet to recover in full, registering a 4.6% loss in the past seven days.
Should the current relief rally continue, then ETH has a good chance to retest the key resistance at $3,600, which will likely put up a strong fight. The current price action shows that traders have taken profit at around $3,300 after entering at the key support, where the market now seems to consolidate.
Looking ahead, ETH appears well-positioned to continue its climb towards the key resistance. On the way there, buyers will need to show tremendous strength to break through the downtrend that started in November.
Chart by TradingView
Solana (SOL)
SOL’s downtrend was stopped by the $130 support level. The sellers were un
We współpracy z: https://cryptopotato.com/crypto-price-analysis-jan-14-ethereum-solana-cardano-ripple-and-polkadot/
