Ethereum’s recent price movement suggests a potential surge of 14%, with a target price of $3,900, according to Crypto World analyst Josh. However, further signals are needed to confirm the bullish trend reversal. While short-term pullbacks are possible, the bullish outlook remains valid as long as Ethereum stays above the breakout point.
In terms of resistance and support levels, Ethereum may face resistance between $3,480 and $3,520, known as the golden pocket. In case of rejection, short-term support is expected around $3,340, with stronger support between $3,210 and $3,250. A breakout above the golden pocket could shift the next major resistance level to between $3,650 and $3,700.
Moving on to Solana, its price recently closed slightly above the critical level of $160, indicating a potential breakout. Although confirmation is not yet strong, Solana remains above the $154 support level, which now acts as new support during the short-term pullback. The ongoing bullish trend and momentum hold as long as Solana remains above the $152 to $154 support range.
Regarding resistance levels, Solana has struggled around $160 to $161. A clear breakout above $160 could lead to further resistance between $170 and $175, and again between $183 and $187. However, a break below the support range of $152 to $154 may push Solana back to the $140 to $144 range.