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The post <a href="https://coinpedia.org/news/crypto-market-crash-short-term-scenarios-look-shaky-for-ethereum-and-solana/">Crypto Market Crash: Short-term Scenarios Look Shaky For Ethereum And Solana</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ethereum remains in a short-term bearish trend, with strong resistance levels yet to be broken and critical support levels being retested. Amidst this broader bearish trend, with no confirmed bullish reversal yet, analyst <a href="https://www.youtube.com/watch?v=C3hSK2qHxiI" target="_blank" rel="noreferrer noopener nofollow">Josh of Crypto World</a> remains more bearish than bullish in the short term, a stance that has proven accurate so far. 
In his latest analysis video, he said that <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum’s price</a> is retesting a short-term support level between $3,470 and $3,480. If this support breaks, the next level to watch is around $3,350. Recently, Ethereum has been trading in a choppy sideways range, appearing neutral in the very short term.&nbsp; 
Ethereum faced a strong rejection from the golden pocket area of resistance between $3,600 and $3,650. For a bullish trend and momentum to take hold, a confirmed breakout above $3,650 is necessary, which has not yet occurred. 
In terms of short-term support, <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> has strong support around $3,420, based on previous lows. If this support holds, more choppy sideways price action is expected, aligning with the analyst’s previous predictions. This sideways action consists of both short-term bullish and bearish movements but is occurring within a larger bearish trend. 
The analyst also noted that <a href="https://markets.coinpedia.org/solana/" target="_blank" rel="noreferrer noopener">Solana</a> is still in a short-term bearish trend, despite experiencing a brief pause due to a short-term bullish divergence. As anticipated, Solana bounced from the $128 support level and then encountered resistance, facing multiple rejections in the $140 to $144 range. This area continues to act as strong resistance, while support remains between $120 and $128. 
Despite some expected choppy sideways price action, Solana’s short-term trend and momentum remain bearish. To shift towards a bullish trend, the analyst explained the need for a confirmed breakout above approximately $144, and ideally above $160, to instill confidence in a bullish reversal. For now, the outlook remains bearish in the short term. 
Also Read: <a href="https://coinpedia.org/news/bitcoin-price-prediction-price-dips-below-65k-can-the-bearish-trend-flip-today/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction: Price Dips Below $65k, Can the Bearish Trend Flip Today?</a>

Crypto Market Crash: Short-term Scenarios Look Shaky For Ethereum And Solana

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