ETH, SOL, FIRE: Top Cryptocurrencies to Watch This Week

Following a bullish run two weeks ago, the cryptocurrency market experienced bearish consolidation last week. The global crypto market cap dropped by $70 billion, from $2.47 trillion to $2.4 trillion. Here are the top cryptocurrencies to watch this week:

Ethereum (ETH) Drops 7.76% Despite ETF Launch
ETH saw a 7.76% decline last week. Despite a brief 1.21% increase on July 23 due to spot Ethereum ETFs trading with $106 million in net inflows and over $1 billion in trading volumes, Grayscale’s Ethereum Trust ETF outflows led to further declines. ETH closed the week at $3,247 per coin.

Ichimoku Cloud Analysis: ETH is below the Tenkan-sen and Kijun-sen lines, indicating a bearish sentiment. Recovery depends on reclaiming levels above the Kijun-sen and moving back into the cloud for a trend reversal. Continued downward trends could lead to further declines.

Solana (SOL) Finds Support at $184
SOL experienced a 5.69% growth last week. The price remained stable above the key support level near $184, indicating bullish sentiment. Reports of a possible ETF from Franklin Templeton contributed to this consolidation.

Advance Decline Ratio: At 3.94, indicating a bullish trend. The price closed near the upper boundary of the consolidation range.
Future Outlook: A break above the $186 resistance level could start a new bullish run. Failing to breach this level may lead to retesting the $184 support.

Matr1x Fire (FIRE) Maintains Stability
FIRE exhibited stable performance, closing around $1.0512 with a modest growth rate of 0.93%.

Technical Indicators: RSI at 37.43 suggests approaching oversold territory, indicating potential easing of selling pressure. The MACD indicator shows a bearish trend, but the narrowing gap between the MACD and signal lines suggests a possible trend reversal.

Future Outlook: Monitoring the price breaking above the resistance at Fibonacci 0.236 ($1.1309) or falling below the support at $0.9222 will be crucial in determining FIRE's next direction.

$MARA Holdings (MARA.US)$ $MicroStrategy (MSTR.US)$ $Coinbase (COIN.US)$

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103995812 : Today cryptos are back up again, and all the loss values have been recovered. BTC is waiting to breach 70k, which i reckon will by the time nyse mkt opens. Hang on tight

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