- Ethereum rebounds from $1,500 support, but the bearish structure still dominates.
- Solana reacts to the $100 zone; short-term recovery depends on buyer strength.
Ethereum and Solana are navigating critical technical levels following steep market corrections. Ethereum has reached its key $1,500 support after a 10.94% drop in 24 hours, trading around $1,562.76. Solana has declined by 8.14% within the same timeframe, stabilizing near $105.45 after hitting the $100 psychological support level.
The ongoing crypto selloff has intensified bearish sentiment, with Ethereum falling to $1,621.75 and Solana to $108.61. Heavy liquidations and market-wide volatility have pushed both assets to crucial reaction zones. Autism Capital reported that Ethereum risks dropping below $1,600, while Solana’s $100 level is a strong technical floor.
ETH/USD Daily Chart Analysis
Ethereum’s daily chart shows sustained weakness following a prolonged rejection of nearly $3,000. The asset broke below $2,300 and $2,000 without forming any significant support, confirming strong bearish momentum. The price has now landed at the $1,500 support, a considerable base between 2022 and 2023.
Ethereum Price Chart | Source: TradingView
A slight bounce followed from this level, but price action stays unstable. The $1,500 zone remains crucial and may shape Ethereum’s mid-term outlook. A break below this support could expose targets between $1,000 and $1,100. This range is identified as Buy Zone 2 and aligns with historical consolidation during prior bear market phases.Â
On the upside, a recovery above $2,159 is required to challenge $2,300, which serves as the first strong resistance. The price structure remains bearish below $2,000, and no clear reversal signal has emerged.
SOL/USD Daily Chart Analysis
Solana has completed a full retracement from its recent peak near $200, reversing sharply after multiple rejections at $185. The daily chart shows a capitulation event at $100, a key psychological and structural support zone. This level coincides with a historically significant demand area, previously outlined as a bounce zone.
Solana Price Chart | Source: TradingView
If Solana holds above the $100 level, short-term targets include $135 and potentially $176–$185, where the price was rejected earlier. These resistance zones have repeatedly pushed the price lower, making them critical checkpoints in any rebound.Â
If the $100 support breaks, the next lower target lies under $95, which could extend the correction further. The price must reclaim $120 and sustain higher lows to shift the market structure from bearish to neutral.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
