This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.
Ethereum (ETH)
Ethereum tried to move above $3,600 this week but was quickly stopped by sellers who came in force to push the asset back to the key support at $3,200. If buyers continue to show weakness, then ETH could fall under $3,000. The price also closes the week with a 4% loss.
The bullish momentum was cut short, and it remains uncertain if buyers will be able to take control of the price action in the days to come. The support appears fragile, and sellers may still be encouraged to press forward.
Looking ahead, ETH may end up in a longer correction after failing to sustain its price above $4,000. If so, it is unlikely that this cryptocurrency will revisit $4,000 this month. However, a sustained recovery could come in February once this correction ends.
Ripple (XRP)
Ripple also closed the week in red with a 4% loss. While this is in line with the overall market, XRP does show more resilience by moving inside a consolidation channel between $1.6 and $3. As long as the price stays in this range, there is a good chance of a continuation higher later.
Buyers also showed eagerness and came in quickly as soon as the price fell under $2. This allowed XRP to move to $2.4 this week quickly. At the time of this post, the ассет is found to be around $2.3, which is a respectable level considering the latest higher high was at $2.9.
Looking ahead, XRP has a good chance to continue its bullish rally this year and challenge the all-time high at $3.3 from January 2018.
Cardano (ADA)
The price action by ADA is similar to XRP and appears stuck in a range between $0.9 and $1.3. However, compared to XRP and ETH, Cardano fell by 9% this week, which shows that sellers were more aggressive and buyers were quite shy about re-entering.
On a macro level, ADA reached a higher high in December 2024. This could mean that later in 2025, the asset might still have a chance to move higher since the overall trend is bullish despite the current pullback.
Looking ahead, Cardano will have to break its key resistance at $1.3 and turn that level into support before it can hope to make new highs later in the year.
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Binance Coin (BNB)
Binance Coin shows a lot of resilience by holding steady above the key support at $690. As long as buyers manage to defend this level, the overall bias remains bullish, with the expectation of new peaks later on. The price is also at a similar level to last week.
While the current all-time high is at $794, the asset will have to break above $750 before it can hope to make a new record. This appears unlikely in the days to come as the overall market is still deciding where to go next.
Looking ahead, Binance Coin is one of the strongest altcoins in the top 10 cryptocurrencies by market capitalization since it managed to make an all-time high in this cycle. Few altcoins have achieved that, and some, like ETH, are still due to do so.
Solana (SOL)
Solana did not have an easy week after the price tested the $206 level as a resistance. Since then, SOL fell lower and closed the week with a 9% loss, which puts it in the same category as Cardano.
It is a bit surprising to see Solana show so much weakness when other altcoins like BNB are doing much better despite the market turbulence. If buyers fail to show up, then the next key support level will be found at $164. Should the overall market stay bearish in the near term, then SOL is likely to revisit that level.
Looking ahead, Solana had a difficult time in January after it failed to sustain a price above $200. If this level is not reclaimed soon, then optimism around this cryptocurrency could suffer and see it trend lower until the key support is hit.
The post Crypto Price Analysis January-10: ETH, XRP, ADA, BNB, and SOL appeared first on CryptoPotato.
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