Bitcoin, ETH and crypto market skyrocket
|Fundamental Analysis:
Bitcoin and Ethereum spot ETFs are attracting strong inflows, fueling buying momentum across crypto.
There are strong market rumors that a Solana spot ETF could be approved as early as next week. Open interest in Solana futures on the CME exchange has increased tenfold in the past two months, showing institutional positioning ahead of possible approval.
Approval of a Solana ETF would be a major milestone, opening the door for institutional money not only into Solana but also into other Layer 1 blockchains such as Avalanche, Cardano, and Polkadot.
Staking remains a regulatory uncertainty. If included, it would make spot ETFs more attractive.
The main risk to the timeline is a potential U.S. government shutdown, which could delay approvals.
Technical Analysis:
Bitcoin (BTC/USD)
Support levels: 117,100 → 115,100 → 113,000
Resistance levels: 119,300 → 120,900 → 123,000 → 124,400
The market is bullish above 117,100. If Bitcoin holds above this level, a test of 120,900 and possibly 124,400 is likely. If it breaks below 117,100, a deeper correction toward 115,100–113,000 may follow.
Ethereum (ETH/USD)
Support levels: 4,331 → 4,235 → 4,132
Resistance levels: 4,441 → 4,533 → 4,616
A sustained move above 4,441 signals bullish continuation, with targets at 4,533 and 4,616. Failure to hold above 4,331 would increase the risk of a pullback toward 4,235 and 4,132.
Solana (SOL/USD)
Strong buying on ETF speculation. Key resistance is near 180–200, while strong support sits around 145–150.
If the ETF is approved, Solana could rally toward previous highs near 250. If approval is delayed, a pullback to the 140–150 region is likely.
Trading Setup:
Bitcoin: Buy dips above 117,100, target 120,900–124,400, stop below 115,100.
Ethereum: Buy above 4,441, target 4,533–4,616, stop below 4,331.
Solana: High-risk/high-reward trade, position sizing is key. ETF approval could trigger a strong rally, while delays could lead to a sharp correction.
Overall View:
The crypto market is bullish, supported by ETF inflows and strong institutional interest. Approval of a Solana ETF could mark the next big catalyst and potentially start a wave of approvals for other crypto ETFs.
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