Ethereum could face violent correction to $4,200
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Solana (SOL) struggles to sustain its recovery, retracing toward $80 at press time on Wednesday after losing over 4% the previous day. The high-speed blockchain retains interest among institutional investors, and maintains liquidity amid rising stablecoin supply.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) show signs of cautious stabilization on Wednesday after failing to close above their key resistance levels earlier this week. BTC trades below $69,000, while ETH and XRP also encountered rejection near major resistance levels.
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Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.