Since the January 3 drop, Ethereum (ETH) is trapped between moving-average lines.

Long-term Analysis of the Ethereum Price: Bullish

Investors bought dips as the largest cryptocurrency dropped to $2,097 by January 3. Ether is now back to $2,249.50. Ether's price has been capped by the moving average lines.

If buyers are able to maintain the price above the SMA of 21 days, they could resume the upward trend and reach the $2400 high. Ether's price will fall to $2,097 if sellers breach the 50-day moving average. The price of Ether is oscillating in between moving average lines.

Analysis of the Ethereum Indicator

A recent rally has trapped the largest cryptocurrency between moving average lines. After the January 3 price drop, the price bars on the 4-hour graph remain below the moving-average lines. Ether's risks are decreasing. Moving average lines are horizontal because of the sideways trend that has been observed below the $2400 resistance level.

Technical indicators

Key Resistance Levels - $2.200 and $2.400

Key Support Levels - $1800 and $1600

What is the future direction of Ethereum?

Ethereum falls below the moving-average lines on the 4-hour chart. Another rejection occurs at $2,300. The altcoin price could rise above $2,100 and return to its previous low.

CryptoGuestPosts announced on January 2, that Ether had risen again. It reached a peak of $2,305.50. Ether was being driven back to its previous highs by buyers.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should research the market.

After reaching a peak of $126.66, the price of Solana is now falling. CryptoGuestPosts provides a price analysis.

Bullish forecast for Solana's price over the long-term

Solana has consolidated above $97 since December 28. The selling pressure has eased over the moving average and support lines.

There are indications that the cryptocurrency is likely to continue falling. If the altcoin does retrace, and holds its position above 21-day SMA then the current rally is likely to resume. Solana's previous high of $126 will be reached. The current rally may end, however, if the bears continue to break above the SMA of 21 days and the bearish trend continues. First, the market will fall above its 50-day moving or low price of $73.

Solana Price Indicator Analysis

The crypto is still trading over the moving average lines, despite the drop below the $100 level of support. The coin's price will continue to rise so long as it remains above the SMA 21-day.

The price bars are below the moving-average lines on the 4-hour chart, which indicates that the cryptocurrency is likely to continue falling.

Technical indicators

Important Supply Zones: $80 $90 $100

Important demand zones: $60, $50, $40

What's the next step for Solana?

Solana has returned to the bullish trend after the pullback. Solana has fallen below the moving-average lines on the chart. On December 26, the price of Solana went through an upward correction, and a retracing body was tested at the 61.8% Fibonacci level. The upward correction indicates that Solana is likely to fall below the 1.618 Fibonacci Extension level, or $85.

CryptoGuestPosts had reported that Solana climbed to $100 on December 22 before falling back down to $92 as support. On December 34, the market fluctuated between $92 to $100.

Disclaimer. This analysis and forecast is the author's personal opinion and not a recommendation for buying or selling cryptocurrency. It should not be seen as an endorsement from CryptoGuestPosts.com. Before investing in funds, readers should research the market.