$SOL vs $ETH
Technical analysis targets for Solana and Ethereum
Ethereum is trading close to its 2024 peak of $4,107. The altcoin hovers around the psychologically important $4,000 level on Tuesday. Ethereum’s previous all-time high is $4,878 and the cycle target is $5,185, the 161.80% Fibonacci retracement level of the rally from the November 4 low of $2,361 to the 2024 top of $4,107.
Relative strength index reads 61, below the 70 level, that typically generates a sell-signal. Moving average convergence divergence signals an underlying bearish momentum in Ethereum price trend.
Ethereum could find support in the zone between $3,252 and $3,680, as seen in the daily price chart, in the event of a correction.
