Crypto Price Analysis May-15: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum ($ETH) Ethereum has been hovering just below the $2,400 resistance for over four weeks. With bulls unable to break this level, the price has entered a correction. At the time of this post, $ETH is found at around $2,270 and is at a similar price to last week. Since late April, the momentum on Ethereum has turned bearish on the daily timeframe, and the price appears to be catching up with clear lower highs. Looking ahead, $ETH has formed a large bearish channel with the lower limit at around $2,200. If that level is lost in the near future, then this cryptocurrency is likely to fall to $2,000 next. Source: TradingViewRipple ($XRP) $XRP had a good week, closing 6% higher. This comes after the price managed to break out of the blue pennant and rushed towards $1.5. With bulls in control, this cryptocurrency has a real chance to test the key $1.6 resistance next. As long as the price holds above the pennant, the bias remains bullish. Should the price fall back within the pennant, that would be interpreted as a bearish signal. Right now, the most important support is found at