Ethereum

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According to FxPro senior market analyst Alex Kuptsikevich, the crypto market has been relatively stagnant, showing a decline in market cap until today’s increase. 
Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="">ETH</a>) trades at $2,977.88, a 2.6% increase over the past 24 hours. Its market cap has grown by 2.64% to over $357 billion, staying the second-largest cryptocurrency. 
Kuptsikevich highlighted Ethereum’s challenges, noting its ongoing consolidation near the lower end of its price range and a “death cross” under its 200-day average, suggesting potential longer-term declines. This contrast between the short-term increase and the analyst’s medium-term concerns shows the complexities of market predictions. 
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 24-hour price of ETH from CoinMarketCap
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Similarly to Ethereum, Cardano (<a href="https://crypto.news/price/cardano/" data-type="link" data-id="https://crypto.news/price/cardano/" rel="">ADA</a>) has seen a 2.43% rise in its price to $0.4461, with its market cap increasing by 2.42%. Positioned as one of the 10 largest cryptos, ADA’s trading near the lower end of its range suggests a cautious outlook despite the recent uptick, mirroring Ethereum’s consolidation trend. 
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 24-hour price of ADA from CoinMarketCap
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 You might also like: <a href="https://crypto.news/bitcoin-ethereum-price-inflation-report/" rel=""> Bitcoin, Ethereum prices rise after U.S. inflation report </a> 
Litecoin’s (<a href="https://crypto.news/price/litecoin/" data-type="link" data-id="https://crypto.news/price/litecoin/" rel="">LTC</a>) price has increased by 1.81% to $80.98, and its market cap has risen by 1.82%. As the 19th largest cryptocurrency, LTC continues to test its 200-day average, indicating a potential ongoing struggle to regain stronger bullish momentum. According to Kuptsikevich, Litecoin could face a protracted period of bearish trends if it fails to reclaim higher levels soon. 
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 24-hour price of LTC from CoinMarketCap
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<a href="https://crypto.news/price/xrp/" data-type="link" data-id="https://crypto.news/price/xrp/" rel="">XRP</a> is trading around a historically significant level of $0.50 after losing key support earlier in April. 
“XRP broke below an upward support line, transforming it into resistance for subsequent peaks. This sets up a bearish scenario, potentially pulling back to long-term support at $0.25-30,” Kuptsikevich remarked, suggesting a cautious approach for investors. 
XRP’s modest price increase of 1.57% to $0.5135 contrasts with a minor 0.56% increase in market cap. The 7th largest crypto, XRP’s break below key support levels earlier in the month points to a challenging road ahead despite some recovery, as indicated by the analyst. 
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 24-hour price of XRP from CoinMarketCap
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In contrast, Solana (<a href="https://crypto.news/price/solana/" data-type="link" data-id="https://crypto.news/price/solana/" rel="">SOL</a>) shows speculative potential, with predictions by Merkle Tree Capital suggesting a rise to $400 by November 2024, driven by meme coin popularity linked to the U.S. election campaign. 
Since the Merkle Tree analysis, SOL has shown a notable surge. Its price has increased by 7.54% to $152.76, while its market cap has expanded by 7.53%, making it the fifth largest cryptocurrency. 
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 <img loading="lazy" decoding="async" width="1024" height="495" src="https://crypto.news/app/uploads/2024/05/SOL_1D_graph_coinmarketcap-1024x495.jpeg" alt="Crypto expert gives analysis of major altcoins, market sees slight uptick - 26"> 
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 24-hour price of SOL from CoinMarketCap
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While the short-term data from <a href="https://coinmarketcap.com/" data-type="link" data-id="https://coinmarketcap.com/" target="_blank" rel="">CoinMarketCap</a> shows promising gains for these cryptocurrencies from U.S. inflation data, the medium-to-long-term analyses by Kuptsikevich paint a more nuanced picture that could be affected by other external economics. 
 Read more: <a href="https://crypto.news/binance-spot-copy-trading-launch/" rel=""> Binance launches spot copy trading, allows users to receive 10% of trader profits </a>

Crypto expert gives analysis of major altcoins, market sees slight uptick

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