News View Non-AMP

Ethereum Price Repeats Bearish Setup; Solana’s Structure Turns Bullish

Published by
Anjali Belgaumkar

The second largest cryptocurrency by market cap, Ethereum, is stuck in a sideways movement similar to Bitcoin. There hasn’t been a confirmed bullish trend reversal and according to Josh of Crypto World, this could merely be a short-term pause in the ongoing bearish trend, as seen in previous patterns.

Ethereum’s price is moving sideways on the daily time frame and Josh said that it is fluctuating between the 50% retracement level, which is around $3,350 acting as support, and the previous Fibonacci level at approximately $3,480, which serves as resistance. 

The analyst said that there is an active bullish divergence playing out, offering a slight relief from the short-term bearish trend. However, Ethereum’s price continues to struggle with the critical resistance level at around $3,450. 

Recently, it faced another rejection at this level, mirroring a previous rejection. Even if Ethereum manages to break above $3,450 and $3,480 with confirmed candle closes, it will still encounter strong resistance between $3,600 and $3,650. This situation is similar to a previous period where a short-term bullish divergence did not lead to a trend reversal. 

To confirm a bullish trend reversal, other signals such as breakouts above significant resistance levels, like $3,650, are needed, which have not yet happened. While the bullish divergence is playing out, the trend remains bearish, leading to choppy sideways price action in the immediate short term.

What About Solana?

A few days ago, Solana confirmed a breakout above the critical resistance area between $140 and $144. After retesting and holding this area as new support, Solana formed an inverse head and shoulders pattern. 

To confirm this pattern, Solana needs to break above the neckline around $151-$152 with candle closes. If confirmed, this pattern sets a bullish price target close to $180, representing an 18-19% upside from the breakout point.

However, there are resistance levels between the current price and the target. These include resistance around $160, between $170-$175, and $183-$187. Despite this, Solana’s price structure is turning bullish, flipping previous resistance into new support.

Read Also: Will the BTC Price Hold $60,000? Here’s Why Bitcoin is Consolidating Below $62,500!

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Dogecoin and Shiba Inu Reclaim Key Levels, But Traders Shift Focus To ‘XRP 2.0’ Remittix Before Next Major Update

Both Dogecoin and Shiba Inu are making headlines this week with significant whale activity and…

July 21, 2025

Ethereum Will Likely 5x—But Ozak AI’s Presale Could 100x From $0.005

With Ethereum’s steady performance signaling renewed interest in the blockchain sector, attention is turning toward…

July 21, 2025

Ayni Gold Is Tokenizing the Once-Inaccessible Gold Mining Industry — Here’s What It Means for Everyday Investors

Ayni Gold is revolutionizing gold investment by tokenizing real mining capacity in Peru. Each $AYNI…

July 21, 2025

4 Things XRP Traders Should Watch Before XRP’s Next Major Price Surge

XRP is making headlines once again as July turned out to be one of its…

July 21, 2025

ETH Price Surges on ETF Inflows, $17K in Sight

The ETH price rallied toward the $4,000 mark at the start of the week, a…

July 21, 2025

Trump Media’s Bitcoin Treasury Hits $2 Billion, Plans More Buys as DJT Jumps 6.5%

Trump Media and Technology Group Corp, the company behind Truth Social, Truth+, and Truth. Fi,…

July 21, 2025