This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Lido.
Ethereum (ETH)
Ethereum entered a correction phase as the bullish momentum waned, falling 5.9% over the past week. Prices have turned bearish.
Sellers once again rejected ETH at the $1,660 resistance and after several unsuccessful attempts to break out of this critical level, the bulls lost control of the price. Therefore, we may have to pull back to the next level of support at $1,400.
Looking ahead, ETH is entering a correction that many believe is long overdue given the bullish price action from January. I have.
![ETHUSD_2023-02-10_11-45-29](https://cryptopotato.com/wp-content/uploads/2023/02/ETHUSD_2023-02-10_11-45-29.png)
Ripple (XRP)
Ripple has also taken a hit over the past seven days, losing 6% of its valuation. Buyers have retreated at his 36-cent support and the price could reach this level before regaining control. The current trend is bearish with clear lows and highs in the price.
The resistance is at 40 cents and the uptrend is unlikely to return until it is broken. Selling volumes have increased as prices have fallen, which is a bearish signal.
Looking ahead, XRP has two key support levels that buyers can take over again: 36 or 33 cents. Both can give buyers enough confidence to resume the uptrend. However, if the price falls further, a recovery is unlikely.
![XRPUSDT_2023-02-10_11-26-30](https://cryptopotato.com/wp-content/uploads/2023/02/XRPUSDT_2023-02-10_11-26-30.png)
Cardano (ADA)
After a clear bearish divergence, the price has fallen 9% over the past seven days. Given that Cardano has surged from 24 cents to over 40 cents in his January, this reversal could continue for some time.
The most likely candidate to stop this adjustment is the 30 cent support. Intermediate levels seem too weak and irrelevant.
Looking ahead, the ADA bias remains bearish until the price finds good support that can halt the current downtrend.
![ADAUSDT_2023-02-10_11-27-50](https://cryptopotato.com/wp-content/uploads/2023/02/ADAUSDT_2023-02-10_11-27-50.png)
Solana (SOL)
Solana’s Parabolic Rally has ended. This is also confirmed by his 13.6% drop in prices last week. The bulls have failed to push his SOL above his $27 resistance and the price has been trending down ever since.
Current support is $20 and buyers are struggling to maintain this level. Pressure is building in this price range and sellers could drop below it soon.
Looking ahead, Solana’s bias is bearish and the best candidate to stop this correction is the $15 support.
![SOLUSDT_2023-02-10_11-28-58](https://cryptopotato.com/wp-content/uploads/2023/02/SOLUSDT_2023-02-10_11-28-58.png)
Lido (LDO)
Lido was an unexpected performer last week, registering a price increase of 12.5%. This surprising rise stems from news related to an Ethereum upgrade (called Shanghai) and unfavorable regulations on US centralized exchanges that have been banned from offering staking services. This includes ETH.
These changes have been bullish for Lido, whose price quickly moved up to $3 before returning to the critical support of $2.5. The current trend is bullish and buyers may try to break above $3 in the future.
Looking ahead, we expect more operations on Lido as withdrawals will be possible in ETH after the Shanghai upgrade.
![LDOUSDT_2023-02-10_11-32-50](https://cryptopotato.com/wp-content/uploads/2023/02/LDOUSDT_2023-02-10_11-32-50.png)
Crypto Price Analysis Post February 2010: ETH, XRP, ADA, SOL, and LDO first appeared on CryptoPotato.