Ethereum

bullish

Solana

<p>Ethereum (ETH) is experiencing a period of consolidation and over the last day, there hasn't been major movement in its price. <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">Ethereum's price</a> movements are also likely to align with Bitcoin's trends.<a href="https://www.youtube.com/watch?v=QtM7ZoaBidA" rel="noopener noreferrer nofollow"> According to analyst Josh of Crypto World</a>, ETH is facing resistance between $2,440 and $2,475, based on previous support and resistance levels.&nbsp;</p><p>For a bullish outlook, a confirmed breakout above this range, with candle closes sustaining above it, is crucial. If ETH can break through and hold above this resistance, we may see a rally toward the next resistance level, which lies between $2,550 and $2,580.</p><h2 class="wp-block-heading" id="h-short-term-price-patterns"><strong>Short-Term Price Patterns</strong></h2><p>In the short term, the price action resembles the structure seen in early September. The analyst said that ETH appears to be forming a double bottom pattern, also known as a W pattern. For this pattern to be confirmed, ETH must break above the local high at around $2,495 (approximately $2,500).</p><h3 class="wp-block-heading" id="h-price-targets"><strong>Price Targets</strong></h3><p>Once the breakout above $2,500 is confirmed, the first target would be around $2,630, representing a potential 5.2% upside. The second target would be around $2,660, translating to just under a 7% move. A drop back below $2,500 would invalidate the breakout and could indicate a false move.</p><h3 class="wp-block-heading" id="h-solana-s-market-movements">Solana's Market Movements</h3><p>Taking a look at Solana (SOL), the daily timeframe reveals a similar trend. Solana is currently bouncing off major <a href="https://coinpedia.org/price-analysis/solana-price-prediction-will-sol-price-hit-a-new-high-this-q4/" rel="noopener noreferrer nofollow">support levels between $137 and $142</a>. However, it faces important resistance in the $152 to $154 range and further resistance between $158 and $163. Solana is also forming a potential double bottom pattern. Like Ethereum, Solana needs to break above $149 for confirmation.</p> [post_titles_links postid="365098"] <h3 class="wp-block-heading" id="h-price-targets-0"><strong>Price Targets</strong></h3><p>If Solana successfully breaks out above $149, it sets up a bullish target at around $163, which will result in nearly a 10% potential increase. For those using leverage, this could yield substantial profits.</p>

Ethereum Braces for 7% Upswing as Solana Eyes Bullish Target Above $163

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