This week’s analysis of major cryptocurrencies shows a potential shift in market sentiment. Ethereum found support and closed 5% higher, while Cardano posted a 7% weekly gain, marking its first bullish appearance in months. Binance Coin also rose 4%, finding strong support. Ripple and Hyperliquid remained flat, though analysts note signs of potential upward movement as selling pressure appears to wane across the board.
A weekly market examination reveals several major cryptocurrencies showing signs of stabilization after recent declines. Ethereum found support at $1,800 and closed the week 5% higher, with its price now contesting the $2,000 level. Analysts state that holding above this point could pave the way toward the next key resistance at $2,400.
Ripple has been flat over the past week, making no gains. The analysis notes, “This pause in price action could be interpreted as bullish because sellers have lost the initiative.” The current support at $1.40 is seen as crucial for a potential move toward $1.60.
Cardano closed with a 7% weekly gain, its first bullish appearance after a prolonged correction. Buyers must push the cryptocurrency above 30 cents to consolidate gains, with the next key target found at 36 cents. The analysis suggests “Cardano may be forming a bottom here, which would be in line with the past.”
Binance Coin rose 4% and found strong support around $600, where sellers appeared to run out of steam. Should buyers become more active, their first target is $690, followed by $900. The analysis notes that with most altcoins turning bullish, steady gains for BNB would not be surprising.
Hyperliquid is flat on the weekly chart and is trying to return above $30. With momentum building behind bulls across the market, HYPE has a good shot at a breakout, especially if a recent test of the $26 support is confirmed as a higher low. The price action in the next few days is seen as decisive for its future direction.
