Ethereum Sees Heavy Whale Accumulation – Could the Key Downturn in the Altcoin Market Be Over? Price Prediction for Solana, Ethereum & XRP

Large investors are snapping up Ethereum, sparking optimism. This trend raises questions about the potential end of the altcoin market's slump. Is a turnaround on the horizon for Ethereum, Solana, and XRP? Stay tuned to discover which coins might be poised for growth.

Ethereum's Bearish Momentum and Key Price Levels

Last month saw Ethereum dropping around 30% while the half-year decline neared 19%, marking a period of clear downward pressure in the market. Recent performance reflects a persistent bearish sentiment despite some volatility, as the coin has not fully rebounded from its steep losses. This price action illustrates the uncertainty faced by traders during recent market cycles, highlighting the challenges in navigating these movements.

The current price range between approximately $1766 and $3021 is established against key levels, with support near $1294 and resistance around $3804, along with a second resistance at $5058. Technical indicators show bearish momentum with negative oscillator readings, suggesting that sellers remain dominant. Traders should monitor these levels for potential reversals or breakouts as the trend continues to be uncertain.

Uptrend Caution: Solana’s Shifting Price Dynamics and Key Levels

Solana has shown notable price swings over the past month, experiencing a steep decline of around 35.53%. In contrast, the coin dropped only 2.37% over the past six months. Weekly gains of 1.42% indicate some short-term resilience amid overall volatility. This varied performance suggests that while longer-term stability may be emerging, recent downturns have left the asset susceptible to sharp movements. The contrasting results across different time frames hint at mixed sentiments in the market.

Current prices are trading between a floor of about $60.77 and resistance at $277.85, with another barrier near $386.39. Bears seem to dominate, as oscillators are in negative territory. The modest RSI reading near 40.75 does not confirm a clear downtrend. Traders might consider establishing short positions if the resistance holds, while a firm bounce from support could signal a potential entry for a rally.

XRP Market Review: Six-Month Surge Against Monthly Decline

XRP dropped 14.30% this month but surged 301.64% over the last six months. The 9.54% weekly gain highlights contrasting price behavior. The coin has seen steep corrections alongside strong long-term gains, resulting in a volatile journey marked by rapid growth and short-term setbacks. This demonstrates a dynamic narrative of profit-taking and retracement, leading to mixed recent performance.

The coin trades between $1.60 and $2.88, with support at $1.06 and resistance at $3.61, along with secondary resistance near $4.89. Oscillator signals and an RSI close to 48 indicate a market without a clear directional trend, suggesting careful trading within these levels. Bulls and bears remain locked in a tight range, emphasizing the need for cautious engagement.

Conclusion

Ethereum's recent whale accumulation suggests renewed interest. This may signal the end of the altcoin market downturn. Solana shows promising price movements. XRP is also attracting attention, indicating potential growth. Overall, the positive trends in ETH, SOL, and XRP hint at a potential resurgence in the market.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.