$SOL Price LONG Setup February 2025 | 1D | SOLUSDT
See on Chart, Recently News- Ethereum Price Holding Above $2600 Could Spark an Altseason?
Ethereum price is currently testing a crucial support level at $2,670, hovering dangerously close to the $2,600 threshold which is crucial for its price and other altcoins.
This price, just above 0.618 Fibonacci retracement level, was a key support that could dictate ETH’s and other altcoins short-term trajectory.
If Ethereum fails to maintain the $2600 level, it could signal a broader downturn, potentially impacting the anticipated altcoin season.
Ethereum has been navigating within an expansive ascending channel since mid-2023, adhering to both support and resistance levels delineated by Fibonacci retracement lines.
Notable touches at the 0.236 Fibonacci level around $1,456 and rebounds off the 0.382 level around $1,767 demonstrate the historical significance of these zones.
A fall below the current level near $2,670 might see ETH targeting lower supports at $2,414 and possibly $2,175.
Conversely, a rebound from the $2,600 level could reignite bullish sentiment, possibly pushing prices towards upper resistance levels near $3,140 and beyond.
This potential recovery would be critical in maintaining the momentum required for an altseason, characterized by widespread gains across various altcoins.
How Whales Could Spark an Altseason?
The total balances for wallets holding between 10k to 100k ETH surged, reaching 16 Million ETH by February 2025, compared to just above 14 Million in early 2024.
This substantial accumulation coincided with a noticeable uptick in ETH’s price.
It escalated from around $2,400 in December 2024 to over $3,800 in January 2025 before slightly retracting.
After a peak in early 2025, ETH price headed into a downward trend while the balances in whales’ wallets did not shown a similar decline.
This indicates a potential holding strategy rather than a sell-off.
Recently From News- Ethereum (ETH), the king of altcoins, has been steadily climbing, with analysts predicting a potential rally to $10,000 in 2025 as institutional adoption grows. Historically, when Ethereum moves, ERC-20 tokens follow, meaning that a major ETH rally could send Shiba Inu (SHIB) and Mutuum Finance (MUTM) soaring. With ETH currently priced at $2,773, a push toward $10,000 would likely create a bull market for ERC-20 tokens.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Ethereum price is currently testing a crucial support level at $2,670, hovering dangerously close to the $2,600 threshold which is crucial for its price and other altcoins.
This price, just above 0.618 Fibonacci retracement level, was a key support that could dictate ETH’s and other altcoins short-term trajectory.
If Ethereum fails to maintain the $2600 level, it could signal a broader downturn, potentially impacting the anticipated altcoin season.
Ethereum has been navigating within an expansive ascending channel since mid-2023, adhering to both support and resistance levels delineated by Fibonacci retracement lines.
Notable touches at the 0.236 Fibonacci level around $1,456 and rebounds off the 0.382 level around $1,767 demonstrate the historical significance of these zones.
A fall below the current level near $2,670 might see ETH targeting lower supports at $2,414 and possibly $2,175.
Conversely, a rebound from the $2,600 level could reignite bullish sentiment, possibly pushing prices towards upper resistance levels near $3,140 and beyond.
This potential recovery would be critical in maintaining the momentum required for an altseason, characterized by widespread gains across various altcoins.
How Whales Could Spark an Altseason?
The total balances for wallets holding between 10k to 100k ETH surged, reaching 16 Million ETH by February 2025, compared to just above 14 Million in early 2024.
This substantial accumulation coincided with a noticeable uptick in ETH’s price.
It escalated from around $2,400 in December 2024 to over $3,800 in January 2025 before slightly retracting.
After a peak in early 2025, ETH price headed into a downward trend while the balances in whales’ wallets did not shown a similar decline.
This indicates a potential holding strategy rather than a sell-off.
Recently From News- Ethereum (ETH), the king of altcoins, has been steadily climbing, with analysts predicting a potential rally to $10,000 in 2025 as institutional adoption grows. Historically, when Ethereum moves, ERC-20 tokens follow, meaning that a major ETH rally could send Shiba Inu (SHIB) and Mutuum Finance (MUTM) soaring. With ETH currently priced at $2,773, a push toward $10,000 would likely create a bull market for ERC-20 tokens.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Trade active
Solana News: VanEck Predicts $520, But This $0.01 Token is the One to Watch in 2025
VanEck, a prominent investment management firm, has recently predicted a strong run for Solana in 2025, saying the token could hit $520. This projection is based on Solana’s anticipated market share growth in the smart contract sector, which is expected to rise from 15% to 22% in 2025. Given this, Solana’s market capitalization could skyrocket to $250 billion, driving Solana’s price to $520 based on an estimated 486 million circulating tokens.
Solana Price Prediction: $150 Looking Inevitable
Solana is currently trading at $168 though it continues to plummet, having seen a drastic loss in the last 24 hours. As noted by Crypto Daily, a dip below $150 could pave Solana’s path to much lower prices, such as $140 and under.
• Solana (SOL) Technical Analysis and Key Levels
The potential reason behind this fear is the recent breakdown of the crucial support level at $180, which SOL failed to hold. Additionally, it has fallen below the 200 Exponential Moving Average (EMA), indicating that the asset is in a downtrend.
Based on recent price action and historical patterns, it appears that SOL is bearish, with a high probability of staying between $160 and $180 until it crosses the $190 mark. However, SOL falls below the $160 level, there is a strong possibility it could drop another 20% to reach $120 in the future.
According to the data, traders betting on the bullish side are currently dominating the asset, as they are over-leveraged at the $162.8 level and hold $145 million worth of long positions. This over-leveraged level suggests that traders believe SOL’s price won’t fall below this point, which currently acts as strong support.
#Write2Earn #BinanceAlphaAlert #BNBChainMeme #solana #SUBROOFFICIAL
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.