- Altcoin oscillator climbs, signaling early signs of potential altseason.
- Ethereum rebounds from support, targets resistance near $2,900 to $3,250.
- Solana breaks key support, next resistance seen around $200 and beyond.
Crypto markets are showing signs of life once again, with Bitcoin’s performance and the altcoin spread painting an interesting picture. A macro researcher has observed that the relationship between Bitcoin’s market performance and the spread of altcoins, such as Ethereum (ETH) and Solana (SOL), is revealing how these altcoins are either outperforming or lagging relative to Bitcoin in terms of total returns.
Several coins have seen impressive double-digit gains, but the big question remains: will the uptrend continue, or will a pullback occur? As BTC dominance fluctuates, the data shows moments when altcoins begin to shine.
A composite oscillator tracking this trend, which measures the combined 30-day moving average, has recently crossed above the 50% threshold — a signal traditionally associated with altcoin entry points. Currently, the oscillator is at 38%, with 12 percentage points still to go before the start of ‘altseason.’
What’s Next For Ethereum (ETH) and Solana (SOL) Prices?
Ethereum’s price is bouncing strongly from a key support level between $2,400 and $2,550. It has also broken above an important resistance at $2,300, which is a bullish sign. The next resistance level to watch is around $2,900, just under $3,000.
Ethereum recently tested the 50% retracement level at around $2,380, which is acting as support. If the price breaks below this, the next support is at $2,100. Right now, the overall trend is bullish, especially if Bitcoin remains strong. A key resistance on the daily chart is between $2,700 and $2,800. If Ethereum can break above that, the next ETH target could be around $3,250.
Related: Whale Bitcoin Withdrawals Signal Bullishness as Altcoin Season Could Roar Back
As for Solana, the price has bounced from a support zone around $167 to $168, and the next resistance is around $179 to $180. If Solana breaks above $180, the next resistance is between $191 and $200.
Related: PEPE, BONK, FARTCOIN, DOGE: Individual Catalysts Drive Meme Coin Market Cap Above 75 Billion
Once Solana breaks above $200, the next target could be around $230. The price structure remains bullish for Solana, and the trend is likely to continue as long as the key support levels hold.
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