This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.

Ethereum (ETH)

Ethereum could not hold above $3,300, and its price fell by 4% this week. However, sellers did not seem determined enough to break below $3,000, which is currently acting as a key support level.

In the past three weeks, the price action was rather flat with ETH unable to move much beyond its current level. Any attempt at breaking above $3,300 was quickly rejected. This long consolidation could be followed by a major breakout from this range in the future.

Looking ahead, Ethereums momentum has turned bearish on the weekly MACD, which could indicate that sellers may continue to put pressure on the asset. If the key support at $3,000 is lost, then bears will have the upper hand and control the price action.

Chart by Tradingview

Ripple (XRP)

XRP managed to return above $3 after a brief fall under this key level on Monday. Nevertheless, the price closed the week with a 2% loss, and the support at $3 appears weak at the time of this post. The key resistance is found at $3.3.

Another fall under $3 may be interpreted as bearish by the market and push the asset into a more significant correction after its massive pump from late 2024. Buyers will need to show strength here if they want to avoid a longer correction.

Looking ahead, XRP is found at a crossroads. The bullish momentum has faded, and the buy volume has been decreasing for weeks. If nothing changes, sellers will have the upper hand in the days to come.

Chart by Tradingview

Cardano (ADA)

ADA struggled this week after its price fell by 6% and is now under $1 again. The key support at $0.9 managed to hold and stop the asset from falling lower, but the momentum remains somewhat bearish.

Similarly to XRP, ADA lacks the momentum to make new highs at the time of this post and is found in a dangerous position of losing its current support. If $0.9 falls, then the next level of support will be found at $0.73.

Looking ahead, Cardanos momentum appears to be shifting bearish. The weekly MACD is also quickly approaching a bearish cross, which would make a longer correction likely and encourage sellers to press forward.

Chart by Tradingview

Binance Coin (BNB)

Binance Coin fell by almost 2% this week but continues to show resilience even if it was unable to maintain a price above $690, which is currently acting as a resistance.

The key support is found at $605, and this level may be revisited in the future if the overall market remains bearish. Even if that happens, BNB will still show an uptrend with higher highs and higher lows.

Looking ahead, BNB appears to consolidate around $600 and is well-positioned to make new highs should the market turn bullish again in the future. For that to happen, the asset will have to break above $690.

Chart by Tradingview

Solana (SOL)

Solana closes the week with an 8.5% loss. This correction is normal, considering its price had a major rally in early January. Should the correction continue, the most important support level is found at $206.

If SOL hopes to make new highs, it has to break the key resistance at $260. So far, this cryptocurrency has been unable to close a weekly candle above this level. Until that happens, a new all-time high appears unlikely.

Looking ahead, it is best to be patient and wait for the correction to end. Buyers could return later to see Solana attempt a breakout above $260. However, until then, the key support at $206 could be revisited.

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Cryptocurrency charts by TradingView.