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Cryptocurrency experts analyzed the price charts of Ethereum (ETH), Ripple (XRP) and Cardano (ADA). During the current week from June 18 to June 24, 2022, the value of the ETH token fell below the important psychological mark of $ 1,000. However, the decline did not last long and a day later the Ethereum rate managed to regain its position. The growth was 9% at the end of the 7-day period, experts noted a confident consolidation significantly above the support level, which indicates the possible achievement of new price targets at $ 1420 and $ 1700.
The data of the MACD indicator on the daily timeframe recorded a change in trend under the influence of bullish momentum. The current cost of ETH, as of 15:20 Moscow time on June 24, 2022, was $ 1206.
The value of the native token of the Ripple ecosystem (XRP) also rose by 19.5% over the past seven days, approaching the key resistance level of $ 0.38. Overcoming the critical threshold can lead to an increase to $ 0.50. Support was fixed at $0.30. Based on the tools of technical analysis, experts came to the conclusion that trend management is under the initiative of buyers. The current price of XRP is $0.37.
The rate of the Cardano coin (ADA) built a confident support for $ 0.45, but a slight increase in the price at the end of the week in the amount of 4.3% was the smallest in the top three assets under consideration. According to current data, the cost again approached the critical mark. At the time of writing, the ADA is trading at $0.50.
The short-term outlook, according to the MACD indicator when analyzing the daily chart, showed a slight bullish strengthening, while the enlarged timeframe signaled a downward trend. The resistance line was determined at $ 0.55, if it is overcome, the increase may occur to $ 0.66.
Earlier, the editors of Crypto.ru reported that crypto trading exchange Coinbase announced the closure of the platform for professional traders Coinbase Pro. The functionality will be transferred to the main site.
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