Crypto Crash: $2B Liquidations as Ethereum, Solana, XRP, Cardano Plunge

The cryptocurrency market has experienced a significant downturn, with major altcoins such as Ethereum (ETH), XRP, Cardano (ADA), and Solana (SOL) witnessing substantial price declines. In the past 24 hours, over $2 billion worth of liquidations have occurred, adding to the market's turmoil.

Ethereum's price has dropped below key support zones, including the $2500-$3000 range, raising concerns about a potential bearish trend. While a daily candle close beneath these levels is still needed to confirm a bearish trend, Ethereum's outlook remains cautious, with resistance at higher levels around $3430 to $3560.

Solana has also been following a downward trend, breaking below an important support level around $220-$225. The next support could be around $177-$180, and the old support zone between $220-$225 will likely act as resistance. Overall, the price is still in a bearish trend, and things aren't looking great for Solana in the short term.

XRP is also showing a bearish trend, similar to Bitcoin and Ethereum. It has broken below the support around $2.60-$2.70, where the price bounced before. If it closes below this level, it could see XRP fall to around $2.33-$2.26 next. The RSI on the 4-hour chart is getting close to oversold territory, which could signal that the price might be ready for a short-term bounce. However, it's not guaranteed, and XRP could see some relief soon before potentially continuing to fall later on.

Cardano's price is facing strong resistance above the $1 level. It has been struggling to break through this level for months. The price has now dropped below key support around $0.72 to $0.73. If the price falls further, it might drop to $0.60, with a potential 25% decrease.

Ethereum has suffered a sharp decline, plunging nearly 20% in the last 24 hours and currently trading around $2500. This downturn follows Trump's decision to introduce 25% tariffs on Canada, Mexico, and China, sparking broader