This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Tron.
Ethereum (ETH)
During a sustained sell-off yesterday, Ethereum lost the critical support level at $1,900, and its price fell to $1,700. This evaporated hopes of a quick recovery and turned market sentiment extremely bearish. ETH has lost 12.7% in the past seven days.
There is only one relatively good thing about the market right now – volume during this latest drop in price has been lower than on May 12th. This could signal that sellers are approaching an exhaustion point. Moreso, as long as the selling volume fails to pick up again, the daily RSI could form a bullish divergence.
ETH has had a very difficult time lately with eight consecutive weekly candles in red. To stop this downtrend, the cryptocurrency must hold above the $1,700 support level. Otherwise, bears could take the price much lower. If that happens, the next key support level will be found at $1,450, which was the previous all-time high f
We współpracy z: https://cryptopotato.com/crypto-price-analysis-may-27-ethereum-ripple-cardano-solana-and-tron/
