From a larger perspective, Ethereum has actually been stuck in a large range for years, fluctuating between $1000 and $4000 from 2022 to 2025. The current problem is that the $4000 barrier has been difficult to break, becoming the biggest ceiling for ETH. If one day it can truly break through $4000 and hold above it, the space above will be completely opened, potentially reaching around $6000.
Because so many institutions are pooling resources into Ethereum and it still cannot break new highs, it will greatly undermine market confidence. If this wave breaks through $4000 and stabilizes, even if there are significant declines in the future, it might only drop back to around $2000, unlikely to go below $1000 again. This is because the narrative for ETH and BTC is gradually aligning, with both being part of asset allocation for Wall Street institutions. In the future, even during a bear market, it is unlikely to drop by 80-90% like before.
In the short term, the $3750 level is crucial. Whether it can break through directly determines if the bulls have the strength to push up. Further up, $3850 is an important threshold. If it can surpass this, it will aim for a recent new high (target above $3941). It was previously pressed down after hitting around $3735, indicating that the pressure at $3750 remains, with bulls experiencing a temporary defeat. Looking further down, $3520 is a defense line. If this level cannot be maintained, the short-term trend may need further adjustment.
Bottom-fishing three altcoins expected to increase tenfold in the future!
1.SOL
After finding support around $162, the price of Solana started to rise sharply, similar to Bitcoin and Ethereum. SOL climbed above $165, entering a short-term bullish area.
The price even broke through the $1682 resistance level. Bulls successfully pushed the price above the 50% Fibonacci retracement level of the downtrend from the high of $172 to the low of $162. However, bears are active around the $170 area.
The 76.4% Fibonacci retracement level of the downtrend from the high of $172 to the low of $162 constitutes the resistance level. A contracting triangle has also formed on the hourly chart of the SOL/USD pair, with resistance at $168.
Solana’s current trading price is above $165 and the 100-hour simple moving average. On the upside, the price faces resistance around $170. The next major resistance level is around $172. The main resistance level could be $175. If it successfully closes above the $175 resistance level, it may lay the foundation for the next steady rise. The next key resistance level is $182. If the price rises further, it may drop towards $192.
2.XRP
XRP price has failed to continue breaking through the $3.10 resistance level like Bitcoin and Ethereum. The price formed a short-term top and began to fall below the $3.020 level.
The price fell below the $3.00 mark, briefly dipping below $2.950 and testing the 50% Fibonacci retracement level of the upward trend from the low of $2.730 to the high of $3.106. However, bulls are active around the $2.920 area.
The current price is trading near $2.980 and the 100-hour simple moving average. On the upside, the price may face resistance near $3.00. A bearish trend line has also appeared on the hourly chart of the XRP/USD pair, with resistance at $3.020.
The first major resistance level is around $3.10. If the price clearly breaks above the $3.10 resistance level, it may push higher to the $3.120 resistance level. If the price rises further, it could potentially drop towards $3.180 or even $3.20 resistance in the short term. The next major resistance level for bulls may be around $3.250.
3.DOGE
Dogecoin may be heading towards the next important bullish target, predicting a strong rebound to $5. Despite Dogecoin's over 10% drop this week and the continuation of the downtrend, it still maintains an optimistic outlook. Dogecoin may soon end this downtrend and start a new upward trend. The chart visually demonstrates this meme coin's long-term bullish pattern. Over the past few years, Dogecoin has consistently followed a descending triangle structure, each time ending with explosive upward breakouts.
Every descending triangle appearing on the chart has occurred during past bullish market cycles. This pattern begins with a sharp increase, followed by a long consolidation period characterized by a series of lower highs and relatively flat lows. Once the price compression reaches a critical point, Dogecoin historically experiences a sharp increase. This trend has repeatedly occurred over the years, with each breakout pushing Dogecoin's price to a higher level than before.
According to the latest chart, Dogecoin has once again formed a descending triangle, but this time after the consolidation following the 2021 bull market peak. Currently, the price is slightly above the breakthrough area, which historically has been the explosion point for previous rebounds.
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