This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin.
Ethereum (ETH)
Ethereum impressed with its rally this week after booking a 16.3% price increase. In the process, buyers managed to break the resistance at $3,340 and re-test it as a key support.
While the trend remains firmly bullish, the momentum indicators appear a bit over-extended, which could make buyers exhausted if they continue at this rate. Only in February ETH increased by over 50% with little pullbacks.
Looking ahead, the most important target for ETH is found at $4,000, which will also act as a resistance.
Chart by TradingView
Ripple (XRP)
Despite the volatility this week, XRP still managed to close in profit with an 11% price increase, and buyers successfully defended the support at 54 cents.
Bulls have a good shot at taking XRP higher in March after the correction that started back in November ended last month. The next target and resistance is found at 69 cents.
Looking ahead, XRP h
We współpracy z: https://cryptopotato.com/crypto-price-analysis-mar-1-eth-xrp-ada-sol-and-bnb/
