Cryptocurrencies Ethereum, Solana, and Cardano contribute to a new peak in the market value, surging it to an impressive $4.2 trillion, according to recent analysis.
In a significant development for the cryptocurrency market, Ethereum, Solana, and Cardano have seen notable movements today. The total market capitalization of cryptocurrencies reached a new record high of $4.2 trillion, with Ethereum up 6% and just shy of its 2021 all-time high above $4,800.
Ethereum (ETH)
Ethereum's price action shows cautious optimism, with key levels to watch for potential rallies or downturns. Short-term resistance is near $4,800, and surpassing this could trigger rallies to $5,500–$6,000 by late August or early September. Support is around $4,000, with a downside risk toward $3,800 if it fails to hold. By mid-September 2025, ETH is projected to reach about $5,240 with potential peaks near $5,417. Longer-term forecasts to end of 2025 are more bullish, with some analysts expecting prices around $7,500 or even up to $15,000.
Ethereum's exponential moving averages are providing dynamic support well below current prices, indicating a strong uptrend. Trading volume exploded, climbing 25.73% to $239.35 billion. On Myriad, predictors are confident that Ethereum has an 87% chance to hit $5K this year. A separate market on Myriad shows traders are widely expecting Ethereum to hit $5K before dipping all the way back down to $3,500 this year, placing those odds at nearly 80%.
Solana (SOL)
Solana recently bounced off support near $185 but encountered resistance around $210. The 20-day EMA (currently about $182) acts as a near-term support level that bulls are defending. Breaking above $210 resistance could lead to a rally toward $240. On the downside, a break below the 50-day SMA (around $172–$173) risks a drop toward the uptrend line or support near $155.
Key resistance levels for Solana include $200 (psychological barrier) and $220 (technical target from measured move).
Cardano (ADA)
Buyers have successfully held Cardano above $0.90 but face resistance near $1.02. Maintaining above $0.90 is critical; a breakout above $1.02 could spark further upward momentum, though detailed longer-term price targets were not provided. Key support levels for Cardano include $0.75 (50-day EMA zone) and $0.83 (recent breakout level). Key resistance levels for Cardano are $0.90 (current test) and $1.00 (major psychological target).
Market Capitalization
The cryptocurrency market capitalization reached a new record high of $4.2 trillion today, reflecting the overall bullish sentiment in the market.
| Cryptocurrency | Support Levels | Resistance Levels | |----------------|---------------------|------------------------| | Ethereum | $3,800 - $4,000 | $4,800, $5,500 - $6,000| | Solana | $172 - $185 | $210, $240 | | Cardano | $0.90 | $1.02 |
Overall, Ethereum is poised for potential rallies but with significant short-term volatility. Solana is testing key support and resistance moving between $172 and $210, while Cardano consolidates below $1.02, needing a break above for bullish momentum.
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