ETH, XRP, ADA, BNB and HYPE

This Friday we take a detailed look at Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid.

Ethereum (ETH)

Ethereum is holding well above the $2,000 support level and closed the week in the green with a 1% gain. Even if it’s small, it shows that sellers no longer control the price and can’t lower it.

The current price action is also giving clear bullish signals, indicating a major reversal. To confirm it, buyers need to break the $2,400 resistance.

Looking ahead, this is the first time in months that Ethereum has a clear shot at moving higher. To maintain the relief march, the price must break $2,400 and then $2,800, which act as the main resistance levels.

Ripple (XRP)

XRP is flat compared to last week, but it was still above $1.4. This is somewhat similar to Ethereum’s $2000 support. As long as $1.4 holds, the bias is to the upside.

The most important resistance on the chart is $1.6, and if XRP can break above it and turn it into a key support, then the bulls will have full control over the price action, which may allow them to target $2 in the future.

Looking ahead, this cryptocurrency has a good shot at reversing the downtrend here, starting with a clean break from $1.6. Hopefully this can happen in the coming weeks.

Cardano (ADA)

Cardano is poised to bounce back, even if the price is similar to last week. Support at 24 cents held well and resistance at 28 cents is now under pressure.

If the buyers are above $0.28, ADA has a clear path to $0.40 and beyond. Momentum indicators such as the MACD are also turning higher on the weekly chart, further encouraging the bulls.

Looking ahead, a sustained rally could bring this cryptocurrency back to 50 cents, but for that to happen, the overall market will have to rise and remain so for at least a few months.

Binance Coin (BNB)

Binance Coin is up 2% this week after finding support at $580. If this bullish momentum intensifies, then a test of the key resistance at $690 in the coming days seems inevitable.

Although the momentum is positive, the buying volume remains very low. Any weakness in this rally is easily exposed after testing key resistance. Sellers can return there to retrieve all recent gains.

Looking ahead, BNB is looking to break out of its consolidation above key support and move higher. To succeed, it must break above $690 and defend this level from all sellers.

HYPE

HYPE is up 24% this week, making it the best performing cryptocurrency on our list and in most markets. This indicator was stable due to the recent resistance break from $36.

After the price dropped around $20 in mid-January, HYPE started a strong rally that is still going strong with two major pushbacks. The first took place at the end of January and saw the price break above $30, and now the second impulse in March has brought the price closer to $40.

Going forward, HYPE will face resistance at $40 and $42. If it breaks these levels, it will open its way to $50. If successful, this would be an impressive achievement in a bear market.