ETH Echoes BTC’s Counter-Trend Setup as XRP Defends $2 and SOL Stays Range-Bound
BTC
Bitcoin is still navigating a counter-trend rising channel on the hourly chart, positioned within a broader descending structure that keeps its outlook finely balanced. A decisive break above $96,500—where the channel top meets the larger bearish trendline—would shift momentum in favor of the bulls and revive the medium-term uptrend.
Weekly signals support this possibility, with BTC repeatedly holding the 100-week SMA, a sign that sellers may be running out of steam and that a reversal risk is building.
ETH
Ether is following a similar technical roadmap, moving higher within an hourly counter-trend channel while the wider downtrend remains intact. A push through $3,200, the channel’s upper boundary, would confirm a bullish transition and set sights on $3,620, the Nov. 10 lower-high resistance.
Failure to maintain the channel structure would reassert the macro downtrend, drawing price toward $2,630 as the next key support.
All eyes remain on $3,200 as the defining threshold.
XRP
XRP is once again grappling with the crucial $2 support zone—a level that has repeatedly absorbed selling pressure this year, as shown by multiple long-tailed weekly candles. Despite this resilience, momentum indicators remain bearish, with the 5- and 10-week SMAs trending sharply lower.
A sustained break beneath $2 could spark capitulation and send price toward $1.63, the 61.8% Fibonacci retracement of the 2024–2025 rally.
However, consistent daily closes above $2.30 would negate the bearish pattern of lower highs and reestablish bullish structure. The $2 level continues to anchor this setup.
SOL
Solana remains stuck in a sideways consolidation pattern, bounded by $145 resistance and $120 support, currently trading around $134.
With momentum lacking in either direction, a clear break from this range will determine the next trend. An upside resolution targets $160 on a measured-move basis, while a downside violation would extend the broader decline.

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