Crypto Blog
After a difficult start in July, Ethereum bounced by 7% this week and recovered some of the most recent losses. In the process, the price also broke above $3,000.
Looking ahead, this second largest cryptocurrency still has good support at $2,800. Therefore, if bears manage to take ETH lower again, buyers are likely to return there.XRP impressed this week with a 15% bounce off the 38 cents support. At this rate, the price may even test the key resistance at 54 cents in the near future.
This bounce is promising and has erased some of the most recent losses. The current resistance is at 46 cents and buyers should aim for that next if they want to be serious about a sustained reversal. The current momentum does not give confidence DOGE can challenge the resistance at 13 cents and a re-test at 9 cents is likely if buyers become absent again.While DOT had an impressive bounce off the $5.3 support, buyers did not really follow through lately. Still, this cryptocurrency closed the week with a 9% price increase which is a welcomed change compared to the past.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Price Analysis July-05: ETH, XRP, ADA, DOGE, and DOTCrypto Blog
Read more »
EUR/GBP Price Analysis: After filling the gap price rolls over threatening more downsideEUR/GBP continues correcting back after bottoming at the 0.8398 June 14 lows.
Read more »
Major crypto projects to unlock $755M in JulyIn July 2024, over $755 million in crypto assets from AltLayer, Arbitrum, and more will be unlocked as their vesting periods conclude, affecting prices and market dynamics.
Read more »
Crypto Today: Bitcoin, Ethereum hover around key supports, Spot ETH ETF approval likely by July 4Bitcoin price struggles around $61,000 as German, US government transfers weigh ETH/USDT trades at $3,435 on Thursday, wiping out nearly 4% value in the past seven days.
Read more »
Crypto Markets To See Selling Pressure in July From Mt. Gox Creditors: JPMorganWill Canny is CoinDesk's finance reporter.
Read more »
Crypto Market Rebound Expected in August, Liquidations to Finish By July-End: JPMorganWill Canny is CoinDesk's finance reporter.
Read more »