This week, we will look at ETH, XRP, ADA, SHIB, TON.

ETH

Ethereum had a good week, closing up 12%. This impressive recovery came after a market-wide rally that allowed ETH to turn $3,300 into a critical support level.

With a new base, the bulls can look forward to the next target, which is $4,000. This level will also serve as a critical resistance. The last time ETH price tested this level was in May, when the bears rejected it.

Looking ahead, optimism is returning to the market. With the upcoming launch of an Ethereum ETF, as long as bulls maintain this momentum, price levels have continued upward momentum in the coming weeks.

XRP

This week, XRP has gained 22%, eclipsing most currencies on the market. The stunning performance has taken its price to nearly 0.64, its highest level since April, a performance that is closely tied to the SEC's ruling against Ripple this month.

Currently, XRP is trying to secure the 0.54 level as a critical support level as the price enters a correction phase after such an explosive rise.

Looking ahead, XRP is once again in focus. If the bulls gain support at 0.54, they can then try to challenge the resistance at 0.68, whereas 0.5 will be the next support to test.

THERE IS

ADA also had a strong week, gaining 7%. The reason why the price cannot rise further at this time is that the key resistance level of 0.46 has prevented the rise.

If the critical resistance holds, it could push ADA into a longer correction. Even so, the bulls are currently doing well to hold the 40 cents price, which is a support level.

Looking ahead, momentum is expected to turn bullish with Cardano’s upcoming Chang hard fork, but ADA will need to break above 0.46 to sustain.

SHIB

SHIB had a rough week but still ended the week up 9%. News of a hack on Indian exchange WazirX caused the price to fall further as hackers stole 5.4 trillion SHIB tokens.

The SHIB is currently struggling above the 0.0000168 level and if the bulls can regain control then they could see the SHIB return to an uptrend.

The local trend will remain bullish as long as the meme coin does not make new lows. So far, it has avoided that.

TON

TON’s trend was flat while most of the market experienced a sharp rise. This is partly because TON has risen when most of the market has been in a correction.

The current historical highest price and resistance level is 8.3, and the support level is 6.8. TON successfully defended the key support level, but at the current position, bulls are still cautious.

Going forward, this consolidation might continue for longer before the bulls decide to make a decisive move against the current resistance levels.