Crypto Prices Move but Downtrends Remain

Ethereum (ETH) and Ripple (XRP) both gained 3% this week as buyers maintained control of price action. This relief rally started after Ethereum's support at $1,500 was tested and held.

However, ETH faces resistance at the key psychological level of $2,000, which could send prices into a pullback. To break the prevailing downtrend, Ethereum needs to sustain above this level and have $2,000 turn into support.

In contrast, Cardano (ADA) had a more positive week, closing 6% higher after making a head and shoulders reversal pattern with key support around $0.15.