ETH Stalls Near Resistance as XRP Flashes Double Top; Bitcoin and Solana Eye Key Levels
Ethereum (ETH): Indecision Emerges at Long-Term Resistance
Ethereum printed a Doji candle on Monday’s daily chart, signaling uncertainty following a steep rally from $2,100 to $3,800 in under a month. The pattern suggests momentum exhaustion, with bulls now needing to clear $3,859—Monday’s high—for confirmation of continued upside.
This hesitation comes as ETH re-enters the $3,800–$4,100 resistance zone, a ceiling tested and rejected multiple times over the past year (March, May, December 2024).
Shorter timeframes are turning cautious:
- The 15-minute chart shows a head-and-shoulders breakdown, targeting $3,550.
- ETH also dropped below the Ichimoku Cloud on the hourly chart, hinting at a potential momentum shift.
🧠 AI Perspective: ETH’s trend may be stalling near a historical ceiling. Traders should watch for a clean breakout above $3,859 or confirmation of a near-term pullback.
- Resistance: $4,000, $4,109, $4,382
- Support: $3,480, $3,081, $2,879
XRP: Double Top Formation Signals Caution
XRP has traded in a tight band between $3.35 and $3.60 since Friday, but the hourly chart is now flashing a double top—a bearish reversal pattern.
A confirmed break below $3.35 would validate the setup, potentially dragging XRP back toward $3.00. The Guppy Multiple Moving Average (GMMA) on the hourly chart has already turned bearish.
On the upside, a move through $3.65 would negate the bearish structure and reinforce the broader uptrend, which has seen XRP rally over 54% this month.
🧠 AI Perspective: The near-term setup leans bearish, but the broader trend remains intact unless support levels break decisively.
- Resistance: $3.65, $4.00
- Support: $3.35, $3.00, $2.65
Bitcoin (BTC): Coiled Inside Descending Triangle
Bitcoin is consolidating within a descending triangle, with lower highs since July 14 and flat support around $116,000. The pattern typically precedes a volatile breakout—either higher or lower.
A breakout above the descending trendline could trigger a push toward record highs above $123,000, while a breakdown risks a drop to $111,965, the May peak.
🧠 AI Perspective: BTC’s next move will likely be directional and decisive. Watch for a confirmed triangle breakout or breakdown.
- Resistance: $120,000, $123,181
- Support: $116,000, $115,739, $111,965
Solana (SOL): Sellers Push Back After Break Above $200
Solana surged past $200, reaching $204—its highest in five months—before quickly pulling back to $194, forming a candle with a long upper wick, often a bearish signal.
The hourly MACD has turned lower, suggesting growing selling pressure and potential for a pullback to $185, a previous resistance-turned-support zone. Still, SOL remains technically bullish, holding above both the daily Ichimoku Cloud and inside an ascending price channel.
🧠 AI Perspective: Short-term correction likely, but the broader trend is healthy above $185.
- Resistance: $204, $218, $252–$264
- Support: $185, $174
