Ethereum Ready to Test $3,000 and Solana Targeting $200 in June – Key Drivers Behind the Potential Rally

Ethereum and Solana are on the brink of significant price movements in June. Ethereum eyes the $3,000 mark, while Solana sets its sights on reaching $200. Key factors contribute to this potential rally. The article delves into what could drive these cryptocurrencies higher, offering insights for those following the market closely.

Ethereum Price Trends: Volatility Anchored by Key Support and Resistance

Past one month reflected a surge of nearly 59%, while the broader six-month period saw a decline of about 25%. Recent ETH weekly performance dropped around 6%, showcasing shifting momentum. Price swings highlight an asset capable of rapid upward moves alongside steep corrections, indicating a volatile landscape that has spurred significant short-term gains yet ultimately faced medium-term headwinds.

Current price levels span from roughly $1469 to $2038, with immediate resistance near $2281 and a second barrier around $2850. Support is found at approximately $1142 and further down at $573. Indicator levels suggest bulls are in play but cautious amid correction phases. Trading ideas focus on bounce behavior between these lines until a clear trend emerges.

Solana Price Swing: Short-Term Bounce Versus Long-Term Lows

SOL showed a 21.28% rise over the past month while enduring a 34.92% decline over the last six months, with a weekly drop of 8.99% punctuating its volatile journey. The monthly surge contrasts with the ongoing downward pressure over the longer term, reflecting a market oscillating between brief rallies and sustained lows.

SOL currently trades between $109 and $171.27 with key levels marked by support at $71.65 and resistance at $194.93. Bears have held sway in the short term, but the recent monthly lift hints at emerging buying interest. Watching the range carefully, consider trades that test support near $109 and profit near resistance at $194.93.

Conclusion

ETH is poised to reach $3,000, driven by strong demand and recent upgrades. SOL targets $200, reflecting increased interest and rapid adoption. Both are benefiting from broader market optimism. These tokens show solid growth potential for June.

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.