and the distribution of digital products.
The Ethereum price performance in the month of May has been nothing short of outstanding, surging by more than 35% in the past two weeks. After making a strong run toward the $2,700 mark on Tuesday, May 13, the altcoin’s price has struggled to build on its momentum over the past few days.
Bitcoin is trading in a narrow range between $100,000 and $105,000, sparking growing impatience among investors eager for the next major move. After weeks of bullish momentum and a sharp climb from April lows, the market has entered a phase of quiet consolidation. While this kind of sideways price action may seem uneventful, it often precedes volatility, and traders are watching closely.
Avalanche (AVAX) is gaining bullish momentum again, but with major catalysts from BlackRock and MapleStory this time.
According to Wu Blockchain, the total number of active addresses on Avalanche surpassed 1.95 million so far in May. The previous strong spike in user activity on the layer-1 network was recorded in January, when the crypto market enjoyed strong bullish momentum.
Cardano (ADA) is entering a decisive moment as bulls fight to hold the $0.74 support zone and build momentum for a move toward the $0.90 level. After gaining over 68% since its April lows, ADA is showing strong signs of recovery, but it must defend current levels to confirm continuation. This phase is critical, as price action tests a key demand zone that previously triggered significant upside.
Bitcoin continues to impress as one of the best performers among the large-cap assets, with its value climbing by nearly 25% in the past month. More outstandingly, the Bitcoin price has managed to stay above the six-figure valuation threshold despite the slow market conditions over the past week. After a few weeks of strong bullish action, the flagship cryptocurrency seems to have settled within the $102,000 – $105,000 consolidation range.
Bitcoin’s recent price action may be more strategic than it appears. As the broader market watches with uncertainty, a classic inverse head and shoulders pattern seems to be forming, with BTC potentially building out the right shoulder. This formation, if completed, could act as a launchpad for the next major leg up.
XRP is holding above critical support levels after weeks of steady gains, but continues to face resistance below the $2.65 mark. Despite struggling to break higher, price action remains constructive, and traders are closely watching for signs of a breakout. The market appears to be coiling for a decisive move, with both bulls and bears awaiting confirmation.