Crypto Market Sees Mixed Performance as Ethereum Drops 3%
The cryptocurrency market has seen a mixed performance in recent days, with several assets experiencing significant price fluctuations. Ethereum (ETH) dropped by 3% this week after touching $2,500 and is currently holding support at $2,400. However, a deeper correction seems likely if the price fails to maintain its rally.
Ripple (XRP) had a particularly bad week, crashing 9% and testing the key support level of $1.3. If this level holds, XRP could book a higher low and encourage buyers to return for another attempt at breaking through the $1.6 resistance.
Cardano (ADA) also failed to clear its resistance at $0.23, closing 9% lower this week. ADA's price is currently stuck in a range between $0.23 and $0.15, making it vulnerable to further declines if buyers fail to regain control.
Binance Coin (BNB) dropped by a modest 2% after sellers reversed the price action around $780. The current support level of $690 may be tested in the coming days, with BNB's overall trend remaining bullish as long as it can secure a higher low above $580.