The recent crypto market volatility has left traders on edge, particularly those invested in Ethereum (ETH) and Solana (SOL). As the short-term outlook remains uncertain, let’s explore the key factors impacting these two major cryptocurrencies.

Ethereum’s Short-Term Bearish Trend

Ethereum remains in a short-term bearish trend, with strong resistance levels yet to be broken and critical support levels being retested. Analyst Josh of Crypto World has maintained a more bearish stance than bullish in the short term, and so far, his predictions have proven accurate.

Ethereum and Solana

Ethereum’s Current Situation

Ethereum’s price is currently retesting a short-term support level between $3,470 and $3,480. If this support breaks, the next level to watch is around $3,350. The recent trading activity has been choppy, with Ethereum facing a strong rejection from the golden pocket area of resistance between $3,600 and $3,650. For a bullish trend to take hold, a confirmed breakout above $3,650 is necessary, which has not yet occurred.

Solana’s Bearish Trend

Solana, too, remains in a short-term bearish trend. Despite a brief pause due to a short-term bullish divergence, Solana bounced from the $128 support level and then encountered resistance. Multiple rejections occurred in the $140 to $144 range, which continues to act as strong resistance. Support remains between $120 and $128.

Both Ethereum and Solana face challenges in the short term. While Ethereum’s support levels are crucial for maintaining stability, Solana needs a confirmed breakout above approximately $144 (ideally above $160) to shift toward a bullish trend. For now, the outlook remains bearish for both cryptocurrencies.

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