Ethereum

bullish

Solana

World

Resistance

The post <a href="https://coinpedia.org/news/whats-next-for-ethereum-and-solana-consolidation-and-key-levels-explained/">What’s Next For Ethereum And Solana? Consolidation and Key Levels Explained</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The current price action of Ethereum is similar to what was observed during the bottom of the March 2020 crash<a href="https://www.youtube.com/watch?v=Lq5uteIEhKc">. Analyst Josh of Crypto World</a> said that both periods experienced an initial sharp drop, followed by a low, a quick rebound, and then a secondary pullback that formed a higher low. This pattern has continued with Ethereum forming higher lows, followed by brief bounces, and some sideways consolidation.&nbsp; 
He said that Ethereum continues to see a significant bounce from a major area of support, located between $2,000 and $2,150. This has been a consistent zone of interest, and not much has changed on the weekly timeframe, indicating a sustained hold at this level. 
The second largest cryptocurrency recently faced rejection near the $2,800 mark. This level is acting as a strong resistance, which the analyst has stressed multiple times over the past week. The $2,800 resistance is a critical barrier for Ethereum, and if the price manages to break above it, the next resistance would be around $3,200.&nbsp; 
Support Levels:&nbsp; 
On the downside, Ethereum has immediate support around $2,500. Should this level fail, stronger support lies within the “golden pocket” between approximately $2,150 and $2,200. This zone is crucial, as it represents a historically strong area of buying interest. 
What About Solana? 
Solana is testing a critical support zone between $140 and $144. If this level holds, Solana could see some neutral price action in the near term. However, a confirmed break below $140, especially with a daily candle close below this level, would likely signal a move down to the next major support area between $120 and $128.&nbsp; 
Resistance Levels:&nbsp; 
On the upside, before Solana can challenge its broader resistance between $183 and $187, it must first overcome resistance levels around $159 to $162 and then $170 to $175. These levels are key for any bullish attempts to break out of the current range.

What’s Next For Ethereum And Solana? Consolidation and Key Levels Explained

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