Kraken Observes Ethereum’s Bullish Momentum: $2,000 Target in Sight

Ethereum’s price is demonstrating strong bullish momentum, breaking past the $1,800 resistance level and setting its sights on further gains. As of May 8, 2025, the cryptocurrency has solidified its position above $1,820, bolstered by a bullish trend line visible on the hourly chart. A decisive breakthrough above $1,850 could potentially propel ETH toward the coveted $2,000 mark. Market sentiment remains optimistic as Ethereum recovers from recent lows, with technical indicators pointing to sustained upward movement. This development is particularly noteworthy for Kraken traders and investors, as Ethereum’s performance often sets the tone for the broader altcoin market. The current trajectory suggests that Ethereum is poised for significant growth, making it a key asset to watch on platforms like Kraken in the coming days.

Ethereum Price Ready to Surge—$2,000 Level Could Be Within Reach

Ethereum’s price is showing strong bullish momentum, breaking past the $1,800 resistance level and eyeing further gains. The cryptocurrency has established a solid foundation above $1,820, supported by a bullish trend line on the hourly chart. A decisive MOVE above $1,850 could pave the way for a test of $2,000.

Market sentiment remains optimistic as ETH recovers from recent lows, with technical indicators suggesting sustained upward potential. The 50% Fibonacci retracement level of the recent downturn has been convincingly breached, signaling renewed investor confidence.

XRP Price Breaks Key Resistance Level, Eyes Fresh Upside Momentum

XRP has surged past a critical resistance level, signaling potential for further gains. The cryptocurrency found solid support at $2.080 before initiating a fresh upward trajectory, now trading comfortably above $2.120 and the 100-hourly Simple Moving Average.

A decisive break above the bearish trend line at $2.1450 on the XRP/USD hourly chart (Kraken data) suggests strengthening bullish momentum. The next significant hurdle lies at $2.1680 - a clean break above this level could accelerate buying pressure.

The recovery mirrors broader market trends, with both Bitcoin and ethereum showing similar resilience. Market participants are watching for sustained momentum as XRP tests higher price levels not seen in recent trading sessions.

Dogecoin (DOGE) Flashes Bullish Signals—Is a Major Rally on the Horizon?

Dogecoin has initiated a fresh upward trajectory, rebounding from the $0.1650 support level against the US Dollar. The meme cryptocurrency is now gaining momentum, with potential to test the $0.185 resistance zone.

DOGE has decisively breached the $0.170 and $0.172 thresholds, establishing a foothold above both the $0.1750 level and the 100-hourly simple moving average. A bullish trend line is forming on the hourly chart, offering support at $0.1740 for the DOGE/USD pair on Kraken.

The next critical hurdle lies at $0.180. A clean break above this resistance could catalyze another leg up, potentially retesting recent highs near $0.1843. This recovery mirrors broader market movements, with Bitcoin and Ethereum showing similar resilience after recent corrections.