Ethereum and Solana are gearing up for significant price movements this May. ETH is eyeing the $2000 mark, while SOL could surge to $150. Several factors are at play, hinting at a possible rally. This article delves into what could trigger these key price levels and which other coins might follow suit. Ethereum: Past Decline Meets a Cautious Current Range Ethereum experienced a significant drop over the last month with a decline of 18.22% and a half-year loss of 40.3%. The sold-off sentiment dampened momentum and left investors wary of the prolonged downturn. Price data from recent sessions reflect these steep losses and the weight of recent sell pressure while hinting at an opportunity for recovery if conditions stabilize. Currently, Ethereum trades between $1,538 and $2,325.86, with immediate support at $1,255.61 and resistance at $2,829.45. Bears dominate as the RSI hovers near 39, and technical signals indicate a modest bearish bias. Trading ideas include watching for dips near the support level and testing the resistance before committing to longer-term positions. SOL Price Dynamics Amid Shifting Momentum Solana saw a 7.14% gain over the past month while dropping 15.91% in the last six months. Price has moved between roughly $98 and $166, reflecting mixed performance during recent trading sessions. A one-week surge of 19.10% highlighted short-term gains, even as longer-term trends reveal some downside pressure. Current trading levels show clear markers, with support near $71 and resistance around $207, with a second resistance at about $275. Indicators suggest a cautious bullish outlook, with an RSI above 55 and modest moving averages. The overall trend remains uncertain, and traders might consider positions near these levels for short-term gains amid the volatile backdrop. Conclusion ETH and SOL show strong potential for significant growth in May. ETH is getting close to the $2000 mark, driven by increased investor interest and market activity. Meanwhile, SOL aims for $150 as it gains traction and attracts attention from both developers and users. These key factors suggest a promising upward trend for these tokens. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
