Ethereum
Bullish waves point towards $3,900 target
Ethereum has seen a rebound from the critical support zone. However, according to Crypto World analyst JoshAdditional signals are needed to confirm the bullish trend reversal we have seen in recent days. Despite the bullish momentum, short-term pullbacks are possible, especially around resistance levels.
The technical price target for this pattern is around $3,900, which represents a potential upside of 14% if the pattern completes. This bullish reversal remains valid unless Ethereum breaks back below the breakout point, which has not happened, keeping the uptrend active.
Short term resistance and support
Ethereum Ethereum is facing resistance between $3,480 and $3,520. This area, known as the golden pocket, has acted as a strong resistance in the past. If Ethereum faces rejection here, short-term support is expected around $3,340, with stronger support between $3,210 and $3,250.
A confirmed break above the golden pocket, with candlestick closes above $3,520, would move the next major resistance level between $3,650 and $3,700, based on previous resistance and Fibonacci levels.
Solana Technical Analysis
The price of Solana Solana price recently closed around $160, slightly above this critical level. While there is no strong confirmation of a break above $160, Solana remains above the $154 support level, which is now acting as a new support during this short-term pullback. Despite minor pullbacks, Solana’s trend and momentum remain bullish as long as it remains above the $152-$154 support range.
Holding above $152-$154 keeps the bullish outlook intact, thanks to a double bottom pattern. A break below this support could push Solana back into the $140-$144 range. Resistance remains at $160-$161, where the price has struggled recently. A clear break above $160 would lead to fresh resistance at $170-$175, and then again at $183-$187.
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