Ethereum Emerges After the Bottom – Is $4,000 Possible This Year and Will Solana Echo the Bullish Trend?

Ethereum has shown signs of recovery after hitting its lowest point. The big question now is whether it will reach the $4,000 mark before the year ends. At the same time, attention turns to Solana to see if it will follow Ethereum's upward momentum. This article explores the potential for these coins to grow.

Ethereum: Mixed Signals Amid Short-Term Gains and Long-Term Declines

Last month ETH performance showed a drop of about 10%, while the last six months recorded a decline nearing 30%. A sudden one-week uplift of nearly 12% hints at a recent burst of buying interest despite the longer downturn. Overall, the trend remains weighed down by extended bearish pressure over the past half-year.

Current trading levels span from roughly $1539 to $2326. The nearest support sits at $1256 and resistance at about $2829, with additional levels at $468 and $3616 also in view. The indicators give mixed signals with a slight bearish bias amid the recent surge, leaving room for cautious trading within these bounds.

SOL Price Trends: Short-Term Gains Amid Longer-Term Dips

SOL experienced a 6.58% gain over the past month but faced a 17.20% decline over the last six months. The coin shows signs of short-term recovery with a 5.54% weekly increase, suggesting renewed trading interest after a prolonged drop. Price action over these periods reflects a mix of recovery and caution that has defined recent market behavior.

Currently, SOL trades within a range of $97.94 to $165.67, with nearby support at $71.30 and resistance at $206.76. Positive momentum indicators such as an RSI of 60.23, an Awesome Oscillator of 20.07, and a momentum of 12.77 indicate bullish pressure. Traders may consider buying near support and watching for exits toward resistance, as the trend remains uncertain.

Conclusion

ETH has shown strong recovery potential, potentially reaching $4,000 this year. SOL might follow ETH's bullish trend, hinting at growth opportunities. Both coins demonstrate resilience and upward momentum in the market. The coming months will be crucial for tracking their performance.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.