Cryptocurrency Alert: Ethereum and Solana Edge Closer to Key Price Breakouts

Ethereum’s symmetrical triangle suggests an imminent breakout as it nears resistance. Solana’s bullish structure indicates potential acceleration upon clearing key resistance. Market volatility rises as Ethereum and Solana approach critical technical thresholds. Raoul Pal, founder of Global Macro Investor, pointed out that both Ethereum and Solana are approaching crucial price levels. These levels could signal major moves for both of these popular cryptocurrencies. Ethereum’s price activity has formed a symmetrical triangle pattern on a logarithmic scale over several years. The price is currently near the apex of this formation, forming a series of higher lows against a descending resistance line. Source: X Meanwhile, Solana’s chart shows a bullish long-term structure that is nearing horizontal resistance. Pal said they may see accelerated movement if both assets break above their current resistance levels. However, data shows a period of heightened volatility and mixed signals in short-term price changes. Ethereum Chart Formation A symmetrical triangle is evident on the Ethereum (ETH) chart. This pattern consists of rising support, represent… The post Cryptocurrency Alert: Ethereum and Solana Edge Closer to Key Price Breakouts appeared first on Coin Edition .