The post Ethereum And Solana Price Prediction: One Altcoin Set to Thrive While Another Takes a Dive appeared first on Coinpedia Fintech News
The second largest cryptocurrency Ethereum is experiencing a lot of choppy, sideways price action within a significant unchanged range. Analyst Josh of Crypto World gave a detailed analysis of Ethereum and Solana and what’s next for these top altcoins.
Currently, ETH is bouncing from a well-defined support area between $3,150 and $3,250. Additional support levels lie between $2,800 and $2,950. Regarding resistance, Ethereum faces challenges between $3,550 and $3,650, with further resistance between $3,900 and $4,100. The trend and momentum remain relatively neutral as the price continues to oscillate between these support and resistance levels.
The analyst said that ETH recently rejected the 23.6% Fibonacci level, now acting as resistance at approximately $3,370 to $3,380. This level should be closely monitored in the short term. A confirmed breakout above $3,370 to $3,380, with sustained candle closes and a potential flip to new support, could lead ETH to the next resistance around $3,550 to $3,650.
What’s Next For Solana? Is $200 On Cards?
The analyst said that on the daily time frame, SOL is fighting with resistance between $183 and $187. Despite an attempted breakout with a candle wick to the upside, confirmation is still pending. For a breakout to be validated, a daily candle close above $187 is essential, ideally flipping this resistance into new support.
If confirmed, the next major resistance lies between $200 and $210. The RSI indicator suggests room for further upside, as it is not yet overbought. The trend remains bullish, with higher lows and highs forming, even if short-term resistance poses challenges. Should SOL face a pullback, significant support is anticipated between $170 and $175. Maintaining above $170 would confirm the bullish trend.