Crypto Price Analysis: Ethereum, Ripple, Cardano, and Binance Coin Surge Higher
Ethereum has seen a major reversal this week, with its price increasing by 27% after sentiment turned positive and Bitcoin led the market higher. This surge took ETH from $1,800 to $2,400, leaving it at a key level where if $2,400 turns into support and the price makes a higher high, Ethereum will turn bullish for the first time in over a year.
Ripple has also experienced a significant pump, increasing by 31% this week. This turnaround has completely reversed the losses since June, opening up the way for buyers to take control of XRP's market. Currently, XRP is testing the $1.3 resistance level, with a potential shot at reaching $1.6 if it fails to hold.
Cardano and Binance Coin also saw notable gains this week, closing 14% and 10% higher respectively. Cardano is reconfirming its bullish trend that started in June, while Binance Coin aims to test the resistance at $690, with a potential target of reaching $900 if it turns into support.