Here’s What’s Next for Bitcoin, Ethereum, Solana and One Gaming Altcoin, According to Top Crypto Trader
Pinagmulan: Justin Benett/Cryptocademy At time of writing, Bitcoin is trading at $24,522 but remains up over 5% from a week ago. Benett next identifies a narrow range in which leading smart contract platform Ethereum (ETH) might swing, with $1,780 as an important low to maintain and $2,150 a potential short-term high. ETH is struggling a bit today at the $1,900 area. Thats not a surprise given that we knew sellers were likely to defend that level. Any pullback from Ethereum needs to stay above $1,780 on a daily closing basis for the market to remain constructive. Anything below that and we could see a larger retracement begin. If ETH can get above $1,910 on a daily closing basis, the next stop would be $2,150. Pinagmulan: Justin Benett/Cryptocademy Ethereum continues to surge as ETH is currently trading for $1,962. Benett also examines layer-1 protocol Solana (Sol). He expects some choppy price action if the ETH competitor makes a move to the upside, noting that $40 is an important level of support. SOL is one to watch. There‘s a decently large triangle that’s developed due to the descending trend line from late last year and the ascending line from the June low. Id expect the upcoming breakout to be quite volatile given