This Friday, we take a closer look at the performance of Ethereum, Ripple, Cardano, Binance Coin, and HYPE.

Ethereum (ETH)

Ethereum has shown resilience this week, finding support after bouncing off the $2,870 mark with a 10% rise. If this upward movement continues, ETH might approach resistance at $3,300 soon.

Currently, the price is above $3,000, indicating a potential recovery until it encounters resistance.

Despite this recovery, the overall market sentiment remains bearish. Buyers need to break the $3,300 resistance and convert it to support to regain control over price movements.

ETH Price Chart

Ripple (XRP)

XRP has enjoyed a 14% price increase this week, confirming $2 as a support level, which has reinvigorated buyers. However, sellers may provide resistance at $2.4.

A clear bullish trend requires making higher highs and lows, starting at the $2.4 resistance level. Until that break occurs, bearish sentiment prevails.

The cryptocurrency has dropped 50% from its peak of $3.6, making a relief rally possible yet likely insufficient to reverse the current downtrend. The response at $2.4 will likely dictate XRP’s next move.

XRP Price Chart

Cardano (ADA)

Cardano experienced a modest 3% gain, closing the week with support firmly at 40 cents. This performance seems weak compared to other altcoins this week, raising concerns about buyer confidence.

Cardano must maintain the 40-cent level to deter further selling pressure. If that support fails, sellers will likely target 30 cents, with resistance at 50 cents.

ADA Price Chart

Binance Coin (BNB)

Binance Coin is up 6% weekly but struggles to surpass the $900 resistance, suggesting that sellers might push prices lower toward $800.

As downtrend momentum continues, BNB may decline further unless buyers step in soon, particularly between $800 and $690, which could act as significant support.

BNB Price Chart

Hype (HYPE)

HYPE attempted to exceed the $35 resistance but only managed a 1% gain this week, indicating potential weakness that could lead to lower prices.

The critical support level is at $30, which held firm during the last test on November 22nd. If resistance at $35 is not breached soon, HYPE could revert to its crucial support.

HYPE is currently in a downtrend, facing lower lows without any significant bullish reversals on the horizon.

HYPE Price Chart

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For further information and insights on these cryptocurrencies, continue following our updates.