Kraken Traders Watch as Ethereum Tests Critical Support Levels

Ethereum’s recent price correction below $1,800 has sparked debates among traders on Kraken and other exchanges about whether this is a temporary pause or the start of a broader downtrend. As of April 28, 2025, ETH is testing key support at $1,750 after failing to maintain momentum above $1,850. Technical indicators reveal that Ethereum is trading below both its 100-hour moving average and a broken bullish trendline, raising concerns among market participants. Reclaiming the $1,800 level could be crucial for restoring bullish sentiment.

Ethereum Price Retreats — Temporary Breather or Trend Shift?

Ethereum’s price correction below $1,800 has traders questioning whether this marks a temporary pause or the beginning of a broader downtrend. The second-largest cryptocurrency by market cap now tests critical support at $1,750 after failing to sustain momentum above $1,850.

Technical indicators show ETH trading below both its 100-hour moving average and a broken bullish trendline. Market observers note that reclaiming the $1,785 resistance level could signal renewed upward potential, while failure to hold $1,700 may accelerate selling pressure.

The move mirrors broader cryptocurrency market dynamics, with Bitcoin similarly experiencing pullbacks after recent gains. Liquidity remains concentrated around key psychological levels as traders assess whether this represents healthy consolidation or a more significant reversal.

XRP Price Shows Strength — Breakout Above Key Levels Possible?

XRP has initiated a fresh upward trajectory, breaking through the $2.20 resistance level with conviction. The cryptocurrency now consolidates NEAR $2.28, signaling potential for further gains if bullish momentum sustains.

A connecting trend line on the hourly chart provides support at $2.24, while the price maintains its position above both the $2.22 level and the 100-hour moving average. Market observers note the formation of a local high at $2.294 before a minor retracement occurred.

The asset’s performance mirrors broader market trends, with Bitcoin and Ethereum showing similar strength. Traders anticipate another leg up unless XRP fails to hold the critical $2.20 support level.

Cardano (ADA) Bulls Push for Breakout — Is a Sharp Rally Next?

Cardano’s ADA is showing signs of a potential bullish breakout, with its price recovering from the $0.620 support level and consolidating near $0.70. The cryptocurrency faces immediate resistance at $0.720, with a connecting bearish trend line forming at $0.7180 on the hourly chart. A decisive move above this level could signal further gains.

Market sentiment appears cautiously optimistic as ADA trades above $0.680 and the 100-hourly simple moving average. The recent recovery from $0.6826 suggests underlying strength, with buyers stepping in at lower levels. Technical indicators point to building momentum, though the $0.7350 level remains a key hurdle for sustained upward movement.