Meanwhile, the US markets have closed again. We look at the live Bitcoin price and the prices of the top 25 crypto. Then we analyze the volatile price outlook for Ethereum (ETH) and bullish expectations for Cardano (ADA) and Tron (TRX).
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto flat
At the time of writing, the live Bitcoin price is quoting EUR 28,275.82 ($30,122.62). This is 0.77% lower than during our crypto update last night.
The prices of the top 25 crypto also remain remarkably flat. We see some outliers in both the gaining and losing crypto. Biggest loser of the day so far is Litecoin (LTC), which is down 2.58%. The biggest gain of the day so far is for ChainLink (LINK), which is up +3.83%. On the Tradeincrypto.com site you can analyze all live crypto prices 24 hours a day.
Crypto analysts differ on Ethereum (ETH)
Currently Ethereum (ETH) is trading in a range between $1,777.97 and $1,827.29. We see that an attempt at a bullish breakout stranded. With that, analysts expect the currency to break out of the range later this week. Unfortunately, this will be a bearish break. Support levels at $1,750 and $1,700 are looked at if the break is strong. Should a bearish break through this level also occur, one can expect a price drop to the $1,550 level in the longer term. These analysts expect that a break above $1,900 is needed to confirm a bullish trend break.
Interestingly, however, an analysis of the futures market provides a different insight. The trade in futures, as you can follow at Huobi for example, shows that futures traders do not or hardly take short positions below $ 1,900. Thus, there seems to be room for the Ethereum (ETH) price to rise towards a bullish trend break.
The live Ethereum (ETH) price is down 0.98% to $1,786.85.
Will Cardano (ADA) crypto go for a price record?
At the end of June, Cardano (ADA) is implementing the Vasil hard fork. There are also plenty of other innovations going on at the coin as we discussed earlier. Analysts are therefore very enthusiastic and are taking into account a price record. They base this on historical analyses. In the weeks preceding the famous Mary hard fork (May 1, 2021) and Alonzo upgrade (September 12, 2021). The Cardano price then rose by 1,600% and 200% respectively.
The live Cardano (ADA) price is $0.632. This is 2.68% lower than yesterday and 79.55% lower than the price record of $3.09, which was recorded on September 2, 2021. So when we look back at the historical growth rates, a price record certainly seems possible.
However, other analysts are less positive. For example, several analysts estimate the Cardano (ADA) price to be between $1 and $2 by the end of this year. After that, they say, a steady growth will follow, with the currency reaching a value of $2.67 by 2025 and rising to somewhere between $3.31 and $7.49 by 2030. Although the current price still seems a favorable entry point at that time, these prospects remain quite below the record price that is anticipated based on historical analyses.
Seeing: the Tron (TRX) is on the verge of a breakout
One of the crypto that has recently become more in the focus of investors again is the Tron (TRX). Today the live Tron (TRX) price is flat. It is trading +0.05 at a price of $0.0811. According to analysts, this will not remain so for long.
Indeed, as you can see in the video analysis below, the currency is on the eve of a hefty rally, according to technical analysis.
A so-called golden crucible ensures that a bull rally towards a double-top is possible. With this, a price increase of 10% or more is likely.
Of course, we will continue to monitor developments.
Want to stay up to date on the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”