Kraken Market Watch: Ethereum Breaks Key Resistance, Targets $2,600 Amid Bullish Momentum

Ethereum's price has recently surged past the $2,550 resistance level, indicating a strong resurgence in bullish momentum. This breakout follows a decisive move above a critical bearish trend line at $2,520, with ETH now trading comfortably above the 100-hourly Simple Moving Average. Technical indicators are flashing green, suggesting further upside potential. The 50% Fibonacci retracement level of the recent downturn has been breached, and traders are now setting their sights on the $2,600 zone. This upward movement underscores Ethereum's resilience and growing investor confidence, positioning it as a standout performer in the current crypto market landscape.

Ethereum Price Pushes Higher — Eyes Set on Next Major Barrier

Ethereum's price has surged past the $2,550 resistance level, signaling renewed bullish momentum. The breakout follows a decisive MOVE above a key bearish trend line at $2,520, with ETH now trading comfortably above the 100-hourly Simple Moving Average.

Technical indicators suggest further upside potential. The 50% Fibonacci retracement level of the recent downturn has been breached, and eyes are now on the $2,600 zone. A clear breakthrough at $2,650 could pave the way for a test of $2,720, marking the next significant resistance level.

Market sentiment appears favorable as ethereum mirrors Bitcoin's upward trajectory. The cryptocurrency's ability to maintain support above $2,520 will be crucial for sustaining this positive trend in the near term.

XRP Price Strengthens — Eyes Set on Key Resistance Levels

XRP has initiated a bullish move from the $2.20 support zone, signaling potential upward momentum. The cryptocurrency now trades above $2.2320 and the 100-hourly Simple Moving Average, with eyes on overcoming the $2.285 resistance level.

A contracting triangle formation on the hourly XRP/USD chart suggests consolidation NEAR $2.280. A breakout could propel prices toward $2.320, with intermediate resistance at the 76.4% Fibonacci retracement level of $2.2850.

The rally mirrors broader market trends seen in Bitcoin and Ethereum, though XRP faces critical technical hurdles before confirming a sustained uptrend.

Cardano (ADA) Shows Signs of Recovery Amid Market Uptick

Cardano's ADA token is exhibiting renewed bullish momentum after finding support near $0.5650. The digital asset has broken through key technical levels, including a bearish trendline at $0.5760 on hourly charts, signaling potential for further upside.

Trading volume on Kraken shows ADA now consolidating above both the $0.5750 level and its 100-hour moving average. The 61.8% Fibonacci retracement level at $0.5925 presents the next immediate resistance, with a decisive break above $0.620 potentially triggering accelerated buying pressure.

The recovery mirrors broader market trends seen in bitcoin and Ethereum, suggesting renewed institutional interest in altcoins. Technical indicators point to growing accumulation, though sustained momentum will require confirmation through higher timeframe breakthroughs.