This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin

Ethereum (ETH)

In the past week, Ethereum has failed to move above the key resistance at $1,365. Since then, bears took over, which resulted in a loss of around 5.2%. With this latest rejection, the bias has turned negative.

The next levels of support are $1,100 and $1,000. In the past, buyers always came back in force at these prices. What is concerning is that the current market structure is bearish with lower highs, and this could eventually lead to a lower low.

Looking ahead, ETH has the difficult task of stopping the current downtrend. While in the past, buyers managed to defend well the current support levels, sellers may no longer be satisfied at $1,000. This is why, in the future, they could attempt to push the price into the three digits territory.

Ripple (XRP)

XRP also had a difficult week where the price fell by 7.4%. This took its price back on the key support at $0.36. Ideally, the correction ends here, but buyers appear weak, and the overall market is turning red into the weekend.

With the decreasing volume and a falling price, the outlook for Ripple is bearish. If this correction does not end soon, then sellers could push the price all the way down to the next level of support found at $0.30.

The major hope at this point is for XRP to make a higher low and attempt a recovery into the new year.