After the recent crypto market correction, analysts are monitoring altcoins to determine whether prices are forming a bottom or preparing for another decline. Technical analysis by Gareth Soloway shows that Ethereum ETHUSD, Solana SOLUSD, and XRP may see short-term recovery attempts, but broader trends remain uncertain. Ethereum recently experienced a sharp sell-off, breaking below an important support level before stabilizing. According to technical analysis, the former support area has now turned into resistance, a common market behavior following panic-driven declines.
Analysts note that Ethereum is currently showing a short-term bullish structure that could support a limited rebound, with upside likely capped around the $2,500–$2,600 region unless stronger buying momentum emerges. However, the broader trend remains fragile, and maintaining support around the $1,500–$1,600 range is seen as crucial for longer-term stability. A sustained move below that zone could signal a deeper corrective phase. Solana has also been trading within a short-term bullish formation inside a broader downtrend.
Technical patterns indicate the possibility of a rebound from the $80 range toward roughly $115–$120, representing a meaningful recovery if market sentiment improves. At the same time, analysts warn that failure to hold current support levels could trigger another leg lower. If Solana breaks below key pivot areas near recent lows, the next major support zone could appear around $50, making current price levels important for determining the next trend direction. XRP’s technical structure appears more fragile compared with other large-cap altcoins after the token fell below a long-standing support level formed during the previous bull cycle.
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