Ethereum shows resilience after rebounding from $3,520 but must break $3,760 to confirm upward continuation.
Solana remains under pressure, with repeated rejections near $190 and declining volume signaling weak buyer interest.
Litecoin trades between $112 and $114, showing market indecision; a breakout or breakdown could shape its next move.
The cryptocurrency market displayed mixed behavior in the past 48 hours, with Ethereum showing signs of recovery, Solana encountering continued resistance, and Litecoin trading within a narrow range. Traders continue to monitor these key assets for signs of direction as market sentiment shifts following recent volatility.
Ethereum Price Holds Gains After Strong Bounce
Ethereum on Binance has shown a notable recovery after dipping to a low near $3,520 on July 24. The asset rebounded sharply, moving back above the $3,700 level. Buyers stepped in with substantial volume during the initial bounce, helping ETH reach a high of nearly $3,742.
The price is now consolidating near $3,727, just under the $3,760 resistance zone. This level was tested but not breached, highlighting potential pressure from sellers. The reduced volume in recent hours points to weakening momentum. If ETH manages to hold above $3,700 and push through $3,760, it may trigger another upward leg. Otherwise, the market could retest lower support near $3,640 or even revisit the $3,600 area if weakness continues.
This recent movement follows a broader pattern seen across major altcoins. Ethereum’s ability to bounce from a sharp decline, combined with relatively healthy volume, has kept it in focus for short-term traders. The key area to watch now lies between $3,700 and $3,760, as this range could determine the next major move.
Solana Faces Ongoing Resistance Near $190
Solana continues to struggle with downward pressure following a peak above $205 on July 23. Since that high, SOL has experienced consistent declines, confirmed by increased red volume bars, signaling elevated selling activity. The price dropped to a support level near $182 before attempting a rebound.
That rebound was short-lived, as the price failed to hold above $188 and showed repeated rejections around the $190 zone. The 1-hour chart highlights a clear downtrend, with lower highs forming over time. Declining volume during the recent bounce also suggests reduced interest from buyers. Without a breakout above $190 backed by stronger volume, SOL may remain on a sideways or downward path.
This continued struggle near resistance may point to fatigue in recent bullish attempts. Market participants are closely watching the $182 support level for signs of strength or further breakdown. If this level fails to hold, a deeper correction toward $178 or lower may follow. Conversely, a confirmed breakout above $190 could shift the short-term outlook in favor of buyers.
Litecoin Moves Sideways in Tight Price Range
Litecoin is currently trading in a narrow channel after experiencing a sharp decline from a local high near $122 on July 23. The price fell steadily to below $108 on July 24, where buyers stepped in and initiated a slight recovery. However, the upward movement has lacked conviction and momentum, with volume remaining relatively low.
Over some sessions, LTC has fluttered between $112 and $114. Several efforts to move beyond the level of $114 have not succeeded, which implies sellers are in the market there. The negative side of the range is that the $112 mark has worked as a short-term support. Such a trend implies the confusion in the market and can last until either a break or breakdown happens.
Traders are paying attention to the 114 resistance to observe a possible change in the direction to bullish. An upward breakout beyond this zone, coupled with a rise in the volume, might propel LTC to break the barrier of $116 and more. Conversely, failure to hold the $112 support may sink the asset to a possible retest to the level of 110 or even less. Volatility and range are low and this indicates the possibility of a bigger move.
Conclusion
As it stands at the moment, Ethereum, Solana, and Litecoin depict three varying stages of market performance. Ethereum is under early strength with it rising back up after losses in the past and overcoming resistance. Solana is under pressure as it has difficulties in recovering past highs. The trend of Litecoin is horizontal which is an indicative that it is uncertain and could either have a breakout or dip.
With the changing market conditions, traders will now have to be on the look out of volume and price action. The three tokens can serve as the leading indicators of the widespread crypto market mood and can supply early clues as to which way the broader market heads into the next trading days.
