The price of Bitcoin has not yet recovered as expected after dropping to $64,550, leading to weakness that is also affecting altcoins. Most cryptocurrencies are currently experiencing a day in the red, but these pullbacks have historically been seen as opportunities to buy. Let's take a look at the current key levels for Ethereum, BNB, and Solana.
Ethereum (ETH)
Ether initially aimed to exceed the $3,679 resistance level but unexpectedly dropped below $3,300 due to a decline in BTC price. Bears have taken advantage of this situation, leading to a struggle to close below the 50-day SMA ($3,386). Currently, ETH remains below the key region, and a loss of $3,250 could result in a deeper decline to $3,056.
To halt the decline, bears need to push the price above $3,386 and $3,679. However, the extent of BTC sales is uncertain. Potential investors seeking entry points can look around $3,250 with well-defined stop regions. In a potential rally, ETH targets are $4,000 and $4,500, followed by the ATH region.
BNB Chart Analysis
As BTC fell, the BNB coin price retreated to the $550 threshold after showing weakness at $620 on March 29. A drop to $562 followed on Monday, dampening the excitement surrounding the ATH. Closures below the $562 level could trigger sales down to $496. Long-term bulls may see this as a buying opportunity, with potential targets of $620, $645, and the historic target of $692.
Solana (SOL)
Similar to BNB, SOL coin bulls were confident about hitting the ATH, but the price dropped to $185 today. The 20-day EMA ($180) level is crucial, and a loss could lead to support at $147, prompting bold moves by mid and long-term investors. If a rally occurs, a close above $205 could lead to $267.
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