š„š„š„ Ethereum ($ETH ) Critical Price Level Reached, $XRP Catastrophic Retrace, Will It See $0.40? Is Solana ($SOL ) $150 Run Officially Over?
Ethereum's Critical Price Levels
Ethereum has recently fallen below the 0.4 BTC ratio, a critical point not seen in over three years. The absence of solid support levels indicates a risky situation for ETH:
1. $2,100: Immediate short-term support. A drop below this could trigger stronger selling pressure.
2. $1,800: Significant support if the decline continues. Losing this level could accelerate the downtrend.
3. $1,500: A major support not seen since early 2021.
A drop to this point would signal a severe market correction.
Ethereumās current instability highlights the importance of monitoring these key levels for potential reversals.
XRP's Weak Performance
XRP faced resistance at $0.59, with a recent rejection preventing a breakout above $0.60. Key support levels are:
- $0.55: Potential reversal point.
- $0.52: Next critical support if $0.55 fails. A drop below could push XRP towards $0.50.
Bullish Scenario: If XRP finds support and breaks above $0.59, it could rally towards $0.65.
Solana's Resistance and Support
Solana struggles with resistance near the $150 mark and the 200-day EMA. Key levels to watch:
- Resistance: $145-$150. A breakout above could lead to $160-$170.
Support:
- $125: Critical support. A drop below could indicate increased selling pressure.
- $115: Next major support if $125 fails.
- 100 EMA ($139): A move above could signal a regain of bullish momentum.
In summary, Ethereum, XRP, and Solana are all facing critical levels and resistance that will influence their short-term price movements. Investors should monitor these zones closely for signs of reversal or further declines.
Source - u.today
