Ethereum (ETH) has seen remarkable price changes recently. Over the past week, the price has been stable, showing a small change of 0.67%. However, in the past month, Ethereum has seen a strong increase of 30.57%, while in the six-month period, the price has shown a positive trend, rising by 15.86%.
The current price is trading at $3948.70 and it is trading above the 10-day ($3907.55) and 100-day ($3648) simple moving averages. This suggests that Ethereum is in a positive trend. The price is currently fluctuating between $3648 and $4137, while the RSI at 67.14 and the Stochastic at 91.32 indicate that the market is approaching overbought conditions. Furthermore, the MACD at 20.21 is indicating positive momentum, increasing the chances of more increases.
If the current rally continues, Ethereum could face resistance at $4,318. If this level is broken, a rally to $4,807 could be a possible target. However, if the price pulls back, support is near $3,340 (a 19% drop) and $2,852.
Cardano (ADA) Price Movements and Technical Outlook$ADA
Cardano (ADA) has seen a significant price increase recently. In the last six months, the price of ADA has increased by a massive 189.82%. In the last month alone, ADA has gained 56.78% and is gaining strong momentum. However, in the past week, the price has declined by 7.11%.
Currently, ADA is trading between $0.94 and $1.22, with the nearest resistance level at $1.35. If this level is broken, the next resistance level is expected to be $1.636. If there is a downside move, the first support level is at $0.78, which could provide significant ground if prices fall. In case of a deeper pullback, the second support level at $0.50 could help prevent further losses.
Technical indicators are mixed. The 10-day and 100-day Simple Moving Averages are close at $1.08 and $1.09 respectively, suggesting that the consolidation phase is ongoing. The Relative Strength Index (RSI) is at 62.08, approaching the overbought zone. The Stochastic Oscillator is at 84.68, suggesting that ADA is overbought and a short-term price correction is possible. The MACD is at 0.0036, suggesting a modest uptrend.