ETH Tests Trendline; XRP Risk Score Low for $5-$8 Rally, ADA Eyes $1.15 Break

• Ethereum jumps 9%, testing key trendline for major breakout.
• XRP targets $5.30 if $3.00 resistance breaks this week.
• Cardano eyes breakout above $1.15 for strong upward move.

The cryptocurrency market saw a strong 24-hour rally, with its total market cap rising to $3.36 trillion, up 2.78%. Bitcoin led the charge, climbing 1.30% in the last day to trade at $103,797. Ethereum outpaced it with a sharp 8.76% jump, now sitting at $2,658. Solana also moved higher by 7.30%, while Dogecoin saw a 7.93% increase. XRP and Cardano followed with gains of 4.32% and 4.29%, respectively.

While these numbers show a healthy market, one analyst has pointed out that Ethereum’s monthly chart deserves close attention right now. In a recent update,  analyst Crypto Capital Venture explained that Ethereum is testing a crucial multi-year trendline, and the way it moves from here could heavily influence the altcoin market.

Four key data points hint that Ethereum could be on the verge of an important breakout. Ethereum’s moving averages are closely packed together — a setup seen before strong upward moves in the past. 

He also pointed to technical in…

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