Ethereum, XRP, and Hedera spearheaded cryptocurrency market gains this week, driven by surging institutional interest and bullish technical indicators marking substantial price movements across all three assets.
Ethereum (ETH) achieved a six-month peak of $3,544 following accelerating institutional adoption and a key technical pattern. Analysts observed a bullish ‘Golden Cross’ formation, historically preceding extended upward momentum. ETH now targets the $4,000 resistance level, supported by Bit Digital’s $172 million acquisition of over 100,000 ETH – highlighting institutional focus on Ethereum’s staking rewards and network capabilities.
XRP rallied 24.5% to reach an unprecedented all-time high of $3.66. The surge stems from strong momentum indicators suggesting continued upward pressure, though analysts anticipate near-term resistance near the $3.80 threshold that may temper further gains.
Hedera (HBAR) recorded a 34% price increase to $0.266, tracking Bitcoin’s performance closely. The asset garnered attention through its expanding involvement in artificial intelligence solutions, featuring collaborations with partners including NVIDIA and Accenture.