As the new week begins, the focus is on the price movements of Bitcoin and Ethereum. Analysts are highlighting key price levels and market signals for both cryptocurrencies.

Starting with Bitcoin, recent price action has shown support levels around $61,000 to $62,000 and resistance levels at $65,000 to $66,000. The lack of momentum in Bitcoin's price indicates a sideways trend in the market currently, with a crucial support level at $62,000.

Bitcoin ETFs have experienced significant net outflows of around $421.8 million over the past few days. These outflows involve selling Bitcoin to acquire US dollars, potentially influencing short-term price movements in a bearish direction. Technical analysis suggests a short-term bearish pattern, a rising wedge, with a target price of $62,500. A break below this level could lead to a further downside towards $60,000. However, there is a possibility of a bullish divergence pattern emerging in the 2-hour timeframe, which could bring short-term relief to the market.

Moving on to Ethereum, the price is consolidating within a range, with support at $3,100 and resistance at $3,250 to $3,300. Analysts are watching for a breakout above $3,250 to $3,300, which could indicate further upward movement towards $3,590, supported by a potential cup and handle pattern.

Similarly, Solana's price analysis shows a sideways trend within a range, with support at $120 to $128 and resistance at $150 to $155. The short-term momentum for Solana remains neutral until a breakout occurs in either direction.