Analyst Known for Calling Crypto Bottoms Predicts Breakout for Ethereum, Says Solana Primed for New Rallies

A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom thinks Ethereum (ETH) is primed for a breakout. Pseudonymous trader Smart Contracter shares a chart with his 221,700 Twitter followers that suggests Ethereum could shoot up past the $1,900 range in short order.

Timeline of Ethereum, Solana

Over the last few months, layer two (L2) protocols on the Ethereum [ETH] blockchain have gained noteworthy recognition. Needless to say, a project like Optimism [OP] sustained being the star among many.

Ethereum (ETH) price has shown signs of a potential downturn as it reached an exhaustion of bullish momentum, signaling a possible drop in the near future. According to analysts, ETH has produced a clear sell signal, indicating a shift in the cryptocurrency's trend.

RockX, a blockchain node network headquartered in Singapore, announces the launch of Bedrock — the world's first AML and KYC compliant, institutional-grade Ethereum liquid staking platform to have gone live to the public.

Holders of Ethereum [ETH] savored the surreal rise of the cryptocurrency over the last two weekends. Because of the hike in value, the demand for the altcoin king significantly increased even as the price touched $1,800.

Solana Crypto Price News: Altcoins were bleeding on Monday as Bitcoin price touched the new nine month high. The new price action momentum comes after the emergency merger deal between Credit Suisse and UBS Group.

On March 17th, the Ethereum coin price gave a decisive breakout from the resistance trendline of the megaphone pattern. The pattern formation itself is a sign of uncertainty among participants accentuating an unclear trend the ETH price witnessed since February 2023.

Solana rose by as much as 8% to start the week, as the token moved toward a one-month high. The token climbed for a second straight session, as the global banking crisis pushed investors towards cryptocurrencies. Chainlink was also higher, hitting a three-week high.

Over the past ten months, the Solana coin price has witnessed a steady downfall under the influence of a downsloping trendline Using this trendline the sellers have recuperated the selling momentum on bullish pullbacks which is a key trait of an established downtrend. Anyhow, with a 7% intraday jump, the buyers showcase a breakout attempt The post Solana Price Breakout from Key Resistance Hints a Potential Upswing To $34 Mark appeared first on CoinGape.

Bitcoin [BTC] continued to post gains over the weekend but displayed signs of a bearish divergence with momentum indicators. It also traded beneath the $28.7k resistance, a level that had been BTC's last stand before a plunge to $19k in June 2022.

Solana price analysis is moving in positive territory as the bulls take control and push it to $23.57, up 8.90% in the last day's trading session. Following a strong rise in recent days, the strong buyer sentiment on Solana has been reflected in its price action today.