Cardano’s (ADA) price is currently testing a descending trendline, and a breakout above it could signal a bullish move. The Relative Strength Index (RSI) and the Awesome Oscillator (AO) are showing a bullish divergence, indicating potential momentum for an upward rally.
On the other hand, Ethereum (ETH) has seen a 2.3% increase on Wednesday as investors are buying the dip in anticipation of a rally following the launch of spot ETH ETFs. However, factors like break-even prices and Golem sales can provide more insight into what to expect as the launch approaches.
A recent report from K33 Research has highlighted the evolution of the crypto market in the first half of the year and outlined key trends to watch out for in the second half.