The Big 3: Weekly Price Analysis of Bitcoin, Solana, and Ethereum

Started by 42vap12p, Oct 19, 2024, 08:47 AM

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rekkeperki

Here's a fresh weekly price analysis of the Big 3 cryptocurrencies — Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) — covering price movements, key levels, and trends based on the current week (as of April 17, 2025):

🔍 The Big 3: Weekly Price Analysis (BTC, ETH, SOL) – April 17, 2025
📈 1. Bitcoin (BTC)
Current Price: ~$61,400

7-Day Performance: -4.8%

Weekly Range: $59,200 – $65,000

🧠 Insights:
Bitcoin faced sustained selling pressure after testing resistance around $65K last week.

Geopolitical tensions and Fed remarks on inflation contributed to investor caution.

Support near $59K held, signaling buyers still stepping in at key levels.

🔮 Outlook:
Watch for a bounce above $62K for bullish momentum.

If $59K breaks, a correction to $56K is possible.

Halving buzz is still creating long-term optimism.

🌐 2. Ethereum (ETH)
Current Price: ~$3,020

7-Day Performance: -3.3%

Weekly Range: $2,940 – $3,150

🧠 Insights:
Ethereum is consolidating just above psychological support at $3K.

Layer 2 ecosystem growth and ETF optimism are stabilizing the price.

However, ETH remains vulnerable if BTC volatility continues.

🔮 Outlook:
$3,200 is the key breakout level; above that, $3,400 comes into play.

A dip below $2,900 would invalidate the current sideways structure.

⚡ 3. Solana (SOL)
Current Price: ~$136

7-Day Performance: -8.5%

Weekly Range: $132 – $152

🧠 Insights:
SOL took a bigger hit than BTC and ETH due to higher beta and profit-taking.

Despite the pullback, Solana's DePIN, NFT, and memecoin activity remains strong.

Technicals suggest it's in a retest phase after Q1's explosive rally.

🔮 Outlook:
Key support: $130 – a close below may trigger a drop toward $120.

If buyers reclaim $145–150, bullish continuation is back on the table.

🧠 Overall Market Sentiment
Fear & Greed Index: 51 (Neutral)

Dominant Theme: Consolidation across the board as traders await macro clarity.

Key Watch Events: US CPI data revisions, Bitcoin ETF flows, Solana's Firedancer updates.


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