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Recently, there has been a surge in the value of many altcoins, including the Ethereum (ETH) and Cardano (ADA) tokens, both of which have made more than 7% gain in the past seven days. Notably, Ethereum has left its support price to trade in a higher price range above $2,400. Meanwhile, Everlodge is positioned as the best crypto to invest in as it ushers in a new concept into the real estate space. The token just finished a 9 staged presale and has already been listed on Uniswap and waiting approval on other top tier-1 exchanges.
Ethereum (ETH) Changes Weekly Price Range Amid Recent Bullish Flight
Ethereum is currently pricing in a weekly range of $2,272 to $2,442, reflecting an increase of 6.30% in the past week and nearly 8% in the past month. Notably, the cryptocurrency native to the Ethereum blockchain holds steady above its weekly support level of $2,273 and could potentially make its way back to $2,500 again.
If that be the case, Ethereum may eventually reach $3,000 by the end of the year, especially if the market holds strongly and rides on the altcoin wave. Should this happen, Ethereum token is surely bound for a rise reaching up to another peak price, like in 2022.
Cardano (ADA) Takes a Bullish Stance As It Appreciates Into Higher Price Levels
The recent crypto surge also injected optimism into Cardano, drawing attention from eager investors. Cradano coin has particularly experienced a notable uptick in price, witnessing over 8% increase in the past 7-days alone, with its weekly trading range hovering between $0.4725 to $0.5336.
Breaking past the $0.53 threshold, ADA token has garnered increased investor interest, particularly from navigating volatile performance since mid-December 2023 to now surging by approximately 6% over the past week. Moreover, there’s been a notable uptick in Open Interest for Cardano futures, rising by 12.05%, further indicating heightened market participation and confidence.