Crypto Price Analysis February-28: ETH, XRP, ADA, BNB, and SOL

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.Ethereum (ETH)The market turned bearish and Ethereum has lost its support at $2,400, falling by 21% in the past seven days. This market-wide drop impacted almost all cryptocurrencies with most in double digit losses in the past week.In the case of ETH, it is critical that the price remains above $2,000 as a key psychological level. If lost, then Ethereum will have good support around $1,800, a level not seen since 2023 when crypto was in a bear market.Looking ahead, Ethereum is quickly approaching a moment where its bullish uptrend is invalidated. A price under $2,000 would push it in a bear market with lower levels likely after that.Ripple (XRP)XRP did its best to remain bullish, but the overall market pushed its price back to $2 at the time of this post. While this support level appears strong, continued selling would eventually break it and that could quickly see the price fall much lower.This cryptocurrency also had a difficult week, closing it with a 23% loss. If nothing changes in the coming days, then the next key support level is found at $1.6.Looking ahead, if the price falls under $2, then the rally is over, and the top was likely already made at $3.4 back in January 2025. While it is still early to call it, the signs remain bearish based on this price action.Cardano (ADA)ADA lost its key support at $0.64 and closes the week with a 25% price drop. This is extremely concerning since the price could fall to $0.45 next. Such a price would return ADA to bear market levels.Sellers are dominating, and if buyers don’t return soon to bring ADA back above $0.64, then lower price levels should be expected as the downtrend continues.Looking ahead, ADA does not have the power to stop sellers at this time. Watch the key support at $0.45 since that level could bring back buyers if they don’t show up earlier.Binance Coin (BNB)Binance Coin tried to stay above $600, but buyers were unable to defend that level after a massive sell pressure in the past 24h. With this support lost, the asset fell by 12% in the past week.If BNB continues to go lower, buyers could reappear between $550 and $500. Strong support at $500 has held well in the past when sellers spiked the price.Looking ahead, this cryptocurrency shows more strength than most altcoins, considering it has not made a lower low yet. The price consolidates into a flat range above $500, and as long as that level holds, BNB can recover later.Solana (SOL)Solana had one of its worst weeks since 2024. The price appears in a free fall and registered a 27% loss in the past seven days. With the support at $134 gone, SOL may soon approach $100 at this rate.It is critical to maintain a three-digit price since this is a psychological level. At the same time, any price closing on $100 is likely to attract new buyers since that level is also a key support.Looking ahead, Solana must do its best to not drop under $100 as that would put an end to its uptrend. The next few days and weeks are decisive.