Will Ethereum (ETH) Aim for $4,000? Solana (SOL) Is Sleeping Giant, Massive XRP Breakthrough Doesn’t End
The post Will Ethereum (ETH) Aim for $4,000? Solana (SOL) Is Sleeping Giant, Massive XRP Breakthrough Doesn’t End appeared on BitcoinEthereumNews.com.
Solana falls behind XRP not stopping Weeks of sideways consolidation have finally allowed Ethereum to hold the $3,000 mark, and the asset’s recent spike indicates that bulls are far from done. A strong indication that market confidence is returning is the daily chart’s impressive breakout from the multi-month consolidation range and the clear increase in trading volume. The 50-, 100- and 200-day moving averages are among the major moving averages that Ethereum is currently holding well above. Healthy trending markets exhibit this alignment with the longer-term moving averages serving as dynamic support during declines. After rising above 70, the Relative Strength Index (RSI) has entered overbought territory. RSI can stay extended for longer than anticipated in robust bull markets even though this raises the likelihood of short-term profit-taking. ETH/USDT Chart by TradingView From a structural perspective, Ethereum’s surge above $3,000 breaks through the biggest overhead resistance since the previous significant drop. The significant price gap that currently exists between $3,200 and $4,000 indicates that ETH may close the gap rather quickly if momentum continues. As we have seen in past cycles where breakouts resulted in weeks of parabolic advances, Ethereum has historically demonstrated the capacity to rally sharply once a significant resistance area gives way. Investors’ primary concern should be whether ETH can hold above the breakout region without falling back below $2,900. If this level is broken, there may be a surge of late buyers, which would push the price back into the previous range. However, the path toward $3,500 and possibly $4,000 becomes feasible if bulls successfully defend $3,000 and buying pressure persists. Solana falls behind Even though Bitcoin, Ethereum and XRP have made headlines with their large rallies and breakouts, Solana has quietly trailed behind. However, this may be exactly what makes it the most attractive opportunity…
Filed under: News - @ July 14, 2025 12:08 am