Major altcoins faced significant selling pressure this week, with Ethereum, Ripple, and Cardano all dropping between 4-6%. Ethereum’s price tested the $2,000 support level, while Ripple fell below $1.40. Cardano neared a critical $0.24 support level that has held since 2022. Binance Coin also declined 3%, with its correction from all-time highs continuing. In contrast, Hype showed relative strength, declining only 2% and holding above its $36 support against the broader bearish trend.
Ethereum fell 4% this week as sellers held strong at the $2,400 resistance and tested the $2,000 support. A break below $2,000 could see the price reach the next support at $1,800.
Ripple also had a tough week, with the price falling 6% after a rejection at the $1.60 resistance. The price broke below the $1.40 support, with bears in total control of the price action.
Cardano is down 6% after failing to move above the $0.28 resistance level. The price is now heading toward the key historical support at $0.24.
Binance Coin is down 3% after sellers rejected the price at the $690 resistance. The price is now in a search for support, with $590 being the most obvious level.
Hype is among the few altcoins that have shown bullish price action, though it closed the week with a 2% loss. The price remains well above its key support at $36, with buyers having the upper hand.
