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Crypto Market Update: ETH, ADA, SOL, and HYPE Drive Market Momentum
Crypto Market Update – This week marks a pivotal moment in the crypto market, with top altcoins like Ethereum, Cardano, Solana, and Hype (HYPE) making major moves, while Ripple (XRP) struggles to keep up.
Ethereum (ETH) Inches Toward Price Discovery
Ethereum is less than 4% away from its all-time high of $4,868, a level it hasn’t tested in four years. With a 19% weekly gain, ETH looks poised for a major breakout. If the price manages to turn the $4,900–$5,000 range into solid support, the doors open toward new targets at $6,000 and $7,000 — with $10,000 on the longer-term horizon if momentum holds. Volatility is expected to spike as bulls and bears clash at these crucial levels.
Ripple (XRP) Stumbles Amid Market Rally
Unlike its peers, XRP saw a 6% drop this week, staying below the $3.20 resistance. The lack of momentum suggests that investors may have shifted their focus to Ethereum or other more active altcoins. Still, as long as $3 holds, XRP could stage a comeback once capital rotates back.
Cardano (ADA) Breaks Out
Cardano surged 20% this week, breaking past $0.90 and briefly touching $1 before pulling back. The next big challenge? Turning $1 into support, with eyes on $1.3 and potentially $1.5 if buyers stay strong through 2025.
Solana (SOL) Targets $200
Solana had a 13% gain, testing the key $200 resistance twice. Though both attempts were rejected, the uptrend remains intact. A successful breakout would clear the path to $227 and beyond, with support near $186.
Hype (HYPE) Eyes New ATH
HYPE posted a 20% rebound, surging back to $48.5, just shy of its all-time high of $50. If it breaks through, it enters price discovery, with potential targets at $54, $60, and $66.
