Kraken: Ethereum Shows Resilience at Key Support, Eyes $3,800 Rally

Ethereum's price is demonstrating notable resilience after testing the crucial $3,400 support level, with bullish traders now setting their sights on a potential rally toward $3,800. This recovery comes on the heels of a brief dip below the 100-hour moving average, with the ETH/USD pair establishing a bullish trend line at $3,620 on Kraken's hourly chart. Technical indicators are pointing toward growing momentum, as the 50% Fibonacci retracement level from the recent swing high of $3,877 has been breached. Market participants are closely watching whether buyers will step back in to drive the price higher, with the next key resistance level at $3,800 appearing within reach if the current bullish sentiment holds.

Ethereum Price Battles Key Levels – Will Buyers Step Back In?

Ethereum's price action shows resilience after testing support NEAR $3,400, with bulls now eyeing a potential rally toward $3,800. The recovery follows a dip below the 100-hour moving average, with ETH/USD establishing a bullish trend line at $3,620 on Kraken's hourly chart.

Technical indicators suggest growing momentum. The 50% Fibonacci retracement level from the recent swing high of $3,877 has been breached, while the 76.4% level near $3,750 looms as the next resistance. Market structure remains constructive above the $3,600 support zone.

XRP Price at Risk of Correction – Bulls Losing Steam?

XRP price rallied past the $3.00 resistance level, peaking at $3.106 before encountering selling pressure. The digital asset now faces a critical test as it hovers above the 100-hourly Simple Moving Average, with immediate support at $2.920.

A breach below the bullish trend line at $3.065 signals potential near-term weakness. Market participants are watching the $3.10-$3.12 resistance zone closely—a decisive breakout could propel prices toward $3.20, while failure may trigger a deeper retracement toward Fibonacci levels.

Solana (SOL) Coils for Upside Move – Will Resistance Give Way?

Solana has initiated a fresh upward trajectory, breaking past the $162 resistance level against the US Dollar. The cryptocurrency now trades above this threshold and the 100-hourly simple moving average, signaling bullish momentum. A key trend line with support at $165 is forming on the SOL/USD hourly chart, suggesting potential for further gains if the $172 resistance is breached.

The rally follows a rebound from the $155 support zone, mirroring movements in Bitcoin and Ethereum. SOL has surpassed the 23.6% Fibonacci retracement level of its recent decline from $182 to $155. The next critical hurdle lies near $170, aligning with the 50% retracement level. A decisive close above $180 could pave the way for extended upside.