Crypto Price Analysis April-11: ETH, XRP, ADA, SOL, and BNB
The post Crypto Price Analysis April-11: ETH, XRP, ADA, SOL, and BNB appeared on BitcoinEthereumNews.com.
This week, we examine Ethereum, Ripple, Cardano, Solana, and Binance Coin in greater detail. Ethereum (ETH) Ethereum continues to make new lows this year with the price touching $1,400 briefly on Wednesday before buyers returned. The asset closed the week with a 14% loss. While the support at $1,400 seems to hold for now, the momentum for Ethereum remains firmly bearish. Only in the past four months the price crashed by over 60%. This selloff is extremely aggressive in such a short amount of time. Looking ahead, Ethereum is still unable to find sufficient buyers to stop this downtrend. Until that happens, expect lower price levels. If $1,400 is not held, then sellers have a good shot at taking this cryptocurrency close to $1,000 next. Chart by TradingView Ripple (XRP) After a lot of back and forth, sellers were finally able to break the key support at $2 and take XRP to $1.6 briefly. However, buyers came back in force in the past three days and managed to return the price to $2. This is why XRP only booked a 4% loss this week. While the bounce off $1.6 was pretty strong and shows buyers are still very much interested in XRP, this recent drop made a lower low. This places this cryptocurrency in a downtrend, especially if $2 is confirmed as resistance in the future. Looking ahead, XRP is turning bearish and only a clean rally above $2 could reverse this sentiment. Sellers appear to have the advantage right now even if buyers defended the price well to date. Chart by TradingView Cardano (ADA) Cardano dropped to almost $0.5 this week and closed with a 5% loss. The previous support at $0.64 appears to be turning into a resistance at the time of this post. If confirmed in theā¦
Filed under: News - @ April 11, 2025 10:21 am