250% is required to reach ATH. Will Ethereum (ETH) Stay Above $3,000? Solana (SOL) could start a price correction

Despite the recent strong rally, Shiba Inu still has a long way to go before reaching its all-time high (ATH). To reach its ATH level, which it most recently reached at the peak of the last bull market, SHIB would need to see another 250% price increase. Given the renewed interest in altcoins and favorable market conditions, this ambitious goal may not be unattainable, but it does require a lot of momentum.

Looking at SHIB’s price chart, it is clear that recent bullish activity has lifted the token above a number of significant moving averages, a positive technical indicator that often signals further upward movement. SHIB, in particular, is now approaching resistance near its current highs after managing to break above the 50-day and 100-day EMAs. There may be a consolidation or a slight decline before the next increase as the RSI indicator is also in the overbought territory.

SHIB will need to hold support levels near recent breakout points, particularly near $0.000021, if it wants to continue its recovery path. It could continue to attract buying interest if it can stay above this area. An important psychological level and a significant step towards its new high of $0.000030 is additional price targets. Strong market sentiment and possibly additional external catalysts, such as more on-chain activity or encouraging developments in the larger cryptocurrency space, are necessary to achieve a 250% increase and reclaim its all-time high.

However, SHIB’s recent breakout is encouraging and if the altcoin growth trend continues, it could pave the way for a significant recovery. Investors will be keeping an eye on SHIB for now to see if it can maintain its growth momentum and get closer to its ATH.

Ethereum strategic threshold

Ethereum recently broke through $3,000, but it is now struggling to sustain this level due to increased selling pressure from major players. Ethereum’s ability to hold this crucial price point could determine its immediate future trend given the notable whale activity that has unloaded ETH over the past few days.

For Ethereum, the $3,000 level has long served as a psychological and technical barrier, attracting both buying and selling activity. Bullish momentum is currently complicated by significant whale selling pressure, with ETH trading at around $3,134. Due to recent sales by large shareholders, the market has become more cautious and some investors may be wary of excessive profits.

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According to the daily chart, Ethereum’s recent breakout above the significant moving averages has fueled the current rally. As the 50-, 100-, and 200-day EMAs are now below the price, they could provide support if ETH falls back from its peak. Nevertheless, the RSI indicator approaching the overbought level suggests that bullish momentum may be weakening, which is often a sign of a price correction or consolidation.

Ethereum could reach the next key support level around $2,770, the 200-day EMA, if it is unable to sustain above $3,000. In the event of a decline, this area could serve as a buffer. On the positive side, holding above $3,000 could revive optimism. If momentum increases, ETH could retest higher resistance levels and perhaps even the $3,500 region.

Solana’s correction is coming

Despite recent strong gains that saw Solana hit highs above $210, there are signs that a price correction could be imminent. The SOL chart shows signs of weakening momentum after a significant rally, which is a common indicator of possible price exhaustion. These indicators could suggest a short retracement before a subsequent rise, even if the overall trend is still bullish. Looking at the daily chart, it is clear that Solana has risen above key moving averages, with the 50-day and 100-day EMAs at around $162 and $158, respectively.

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The main support in case of a decline could be these levels. A correction to these levels would likely be beneficial for SOL’s trend as it would allow buyers to re-enter the market at cheaper prices. Additionally, when buying pressure temporarily subsides, there is often a consolidation or pullback of assets into the overbought territory where the RSI indicator has entered.

This could mean a pause or minor decline in the uptrend rather than a bearish reversal. An area of ​​recent consolidation, $177, provides immediate support if Solana does indeed decline. If the price falls below this level, it could reach the 50-day EMA at $162, which would be an important support zone to maintain the bullish structure. Given the strong uptrend, a break below this level could indicate a deeper correction, although this seems less likely.