This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Solana.
Ethereum (ETH)
Ethereum’s attempt to move above $1,660 was quickly stopped by sellers and the price has returned to the key support trend line. For this reason, ETH closes the week with a 2.5% loss.
The momentum indicators remain bearish and the lack of buyers is starting to put a lot of pressure on its support at $1,550. Worst yet, ETH’s ratio vs BTC has been bearish for over a year now and this does not seem likely to end soon. This applies additional sell pressure on the price.
Looking ahead, if bulls don’t show up soon, the price could fall off this large ascending triangle which would be a bearish signal that can lead to a significant drop.
Chart by TradingView.
Ripple (XRP)
XRP had a good week, with the price attempting to reach the resistance at 57 cents. However, sellers came in early to stop this move, and now the price is found in a corrective phase. Despite this, XRP still managed to
We współpracy z: https://cryptopotato.com/crypto-price-analysis-oct-6-eth-xrp-ada-shib-and-sol/
