Crypto Price Analysis August-21: ETH, XRP, ADA, BNB, HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) In a major reversal, ETH has pumped 27% this week after sentiment turned positive, with Bitcoin leading and pulling most of the market higher.
Ethereum shot up from $1,800 and did not stop until the resistance at $2,400. This is an impressive price action that has reverberated across most altcoins. Now, the ETH price is at a key level.
If $2,400 turns into support, and the price makes a higher high, this cryptocurrency will turn bullish for the first time in over a year! Looking ahead, sellers risk losing control. Bulls are coming back in force, and they are inches away from starting a sustained uptrend.
Watch $2,400 and $2,800 as key levels if the rally continues. Source: TradingView Ripple (XRP) XRP painted a monster candle on the weekly chart after a 31% pump! This has completely reversed the losses since June in one week and opens the way for buyers to take over.
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