Market Update: SOL and ETH Price Outlook โ Key Levels to Watch
In a recent post, I highlighted that Ethereum (ETH)$ETH might dip to the $3,400โ$3,000 range, and Solana (SOL)$SOL
SOL
177.54
$BTC +2.7%
#USFedNewChair could reach the $165โ$153 range before a potential major upward move.
โ
That dip has already occurred over the past week.
Now, Solana (SOL)$SOL has successfully broken above the $175 resistance level โ a key technical signal that momentum is shifting bullish.
๐ Whatโs Next for SOL?
With SOL now holding above $175, we may see a strong move toward the following targets:
$183 โ Immediate key level (watch for potential rejection or confirmation)
$220
$260 โ Possible by the end of this month if momentum continuesBased on your analysis and current market structure, here's a concise outlook for SOL and ETH with key levels to watch:
### **SOLANA (SOL) Outlook**
#Sola **Bullish Confirmation:**
- Sustained break above **$175** (now support) is technically significant.
- Next targets: **$183** (immediate resistance) โ **$220** โ **$260** (stretch target).
**Key Conditions:**
#Ehtherum 1. **Volume & Momentum:** Rally must hold above $175 with increasing volume.
2. **BTC Correlation:** SOLโs move depends on Bitcoin stability (ideally above $60K).
3. **$183 Reaction:** Watch for rejection or consolidation hereโbreach opens path to $200+.
#BTCUnbound #BTCUnbound ,
**Risk Management:**
- Failure to hold $175 could trigger pullback to **$165โ$153** range.
- Stop-loss: Consider below $170 if trading aggressively.
---
### **ETHEREUM (ETH) Outlook**
**Recovery Setup:**
- Dip to **$3,000โ$3,400** complete (as predicted).
- Needs to reclaim **$3,500** (resistance turned support) for bullish momentum.
**Targets:**
- Break above $3,500 opens path to **$3,800** โ **$4,000**.
- Major hurdle at **$3,700** (previous high).
**Catalysts:**
- ETH/BTC pair strength & ETF news flow.
---
### **Critical Market Factors**
- **Macro Sentiment:** Fed policy, US dollar strength (DXY), and equities impact crypto.
- **SOL-Specific:** Network uptime, activity, and institutional adoption.
- **ETH-Specific:** Staking flows, layer-2 activity, and regulatory clarity.
### **Trading Plan**
- **SOL:** Scale in above $175, add at $183 break (target $220).
- **ETH:** Accumulate near $3,200โ$3,300; confirm strength above $3,500.
- **Stop-loss:** 5โ8% below entry to protect capital.
> **Final Note:** While $260 SOL by month-end is possible with extreme momentum, itโs statistically aggressive (+48% in ~3 weeks). Focus on confirmation at $183 first. Always trade with risk managementโcrypto volatility remains high.
*Note: "Chang words" likely reference a bullish catalyst or analyst callโverify source credibility.*