This week, we take a closer look at Ethereum, Ripple, Cardano, Pepe, and Tron.

Ethereum (ETH)

This week, Ethereum has retested the support at $1,800. Buyers showed strength and did not allow the price to fall lower, which is why ETH is found at a similar level to last week due to low volatility.

The current target for this cryptocurrency is $2,000, which is also a key psychological level. In April, ETH managed to break above it but quickly lost ground once sellers took over the price action. Another break above $2,000 would be quite bullish, but momentum is lacking at this time.

Looking ahead, Ethereum has found a good foundation to gather strength in the coming week. If buyers return to the market, then a retest of the key resistance appears imminent.

Ripple (XRP)

XRP is in red and has closed the past seven days with a 1.5% loss. The price appears on its way to test the key support at 43 cents. This would be the second time XRP tests this support, and could turn out to be a bearish move if buyers don’t return.

The key resistance is quite some distance away at 48 cents. The momentum indicators, such as the MACD and RSI, are also bearish, with the RSI falling under 50 points. XRP’s failure to sustain its price above 50 cents in April was a bearish signal, and the market did not hesitate to react.

Looking ahead, bears appear to have the upper hand right now, and a break of the key support could see this cryptocurrency go to 40 cents next.

Cardano (ADA)

Cardano formed a bearish head and shoulders formation, which is about to resolve soon. If confirmed, that would mean the price could break lower. ADA also lost 5.4% of its valuation this past week.

The key support at 38 cents is critical for this cryptocurrency as it will determine the price action in the weeks to come. The bears appear to have the upper hand right now, but things could still go either way.

Looking ahead, exp