Kraken Observes Ethereum’s Bullish Breakout as It Outshines Bitcoin

Ethereum has shown impressive strength in recent trading sessions, bouncing back from a key support level of $2,550 to initiate a fresh upward rally. As of May 29, 2025, the cryptocurrency is trading near $2,720, reflecting a 5% surge. Bulls are now setting their sights on a decisive breakout above the $2,800 resistance level, which could further solidify Ethereum’s bullish momentum. A newly formed bullish trendline on the hourly chart, with support established at $2,610, underscores the current upward trajectory. Notably, Ethereum’s performance has outpaced Bitcoin, highlighting its growing dominance and investor confidence in the market. This development is particularly significant for platforms like Kraken, where traders are closely monitoring these trends for potential opportunities. The resilience and upward momentum of Ethereum suggest a promising outlook for the cryptocurrency, as it continues to attract attention and investment in the ever-evolving digital asset space.

Ethereum Price Flexes Strength — Outpaces Bitcoin With Bullish Breakout

Ethereum has demonstrated remarkable resilience, bouncing from its $2,550 support level to initiate a fresh rally. The cryptocurrency now trades NEAR $2,720, marking a 5% surge, as bulls eye a decisive break above the $2,800 resistance.

A newly formed bullish trendline on the hourly chart, with support at $2,610, underscores the upward momentum. Ethereum’s outperformance against Bitcoin highlights its growing market confidence. Should ETH clear the $2,840 barrier, a test of $2,880 appears imminent.

XRP Price Targets Recovery — Signs of Strength Emerging

XRP price shows tentative signs of recovery after dipping below $2.320, with traders eyeing a potential breakout above the $2.350 resistance level. The asset found support at $2.220 and has since breached several technical levels, including a bearish trend line at $2.2920 on the XRP/USD hourly chart.

Market dynamics diverge from Bitcoin and ethereum as XRP demonstrates relative strength during this corrective phase. The 50% Fibonacci retracement level of the recent downward wave has been conquered, though bears remain active near the psychologically important $2.30 threshold.

Critical resistance now looms at $2.3250, coinciding with the 76.4% Fib level. A decisive MOVE above $2.350 could propel prices toward $2.40, while failure to hold current levels may trigger another leg down.

Cardano (ADA) Capped Below Resistance — Will Buyers Regain Control?

Cardano’s price struggles below $0.80 as buyers attempt to regain momentum. After dipping to $0.7287, ADA shows signs of recovery, now trading above the 100-hour moving average. A break above $0.7840 could signal renewed bullish interest.

The cryptocurrency faces immediate resistance near $0.7680, with $0.80 looming as a critical psychological barrier. Market watchers note ADA’s underperformance relative to Bitcoin and Ethereum during recent market movements.