There are plenty of rumors that Ethereum and Solana are poised to reach new highs. Ethereum’s market structure currently seems to be resembling that of 2020, giving reason to be optimistic about its future course. What was my surprise? The year 2020 brought us a spectacular rally that ended with an all-time high of $4.868 in 2021, despite a heavy drop to $86 during the Covid-19 chaos.
When I look at the charts, I see not only similarities, but also opportunities. The current trend is reminiscent of those turbulent times, and we could well be headed for a similar explosion. In the short term, I predict a continuation of the consolidation phase, with a potential rise to $3.800 in the coming month. How nice that would be for Ethereum holders!
And let’s talk about Solana for a moment. I see huge potential for this coin. Right now it looks like Solana needs some breathing space, but in the coming weeks it could become active again. My guess is that we can expect a rally towards a record high of $320 in July. The $180 price is crucial; once it is broken, the eyes can be set on new highs.
And yes, also Bitcoin seems well-positioned for an incredible jump. First, we expect a correction to $96.000, but after that I am convinced that it can rise to a new all-time high of $120.000. That would greatly strengthen Bitcoin's status as the main player in the crypto world.
What are the expectations for Ethereum in the coming month?
Ethereum appears to be preparing for a potential surge to $3.800, building on a trend reminiscent of the 2020 rally.
What can Solana expect in the coming weeks?
Solana has been in a consolidation phase, but there is strong expectation that the price can rise towards a record high of $320 if the crucial $180 level is broken.
What does the future look like for Bitcoin?
Bitcoin could first correct to $96.000, but after that a jump to $120.000 seems very possible, which would confirm its dominance in the market.