TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Ethereum, Solana & Bitcoin – American Wrap 21 October

Cryptocurrencies Price Prediction: Ethereum, Solana & Bitcoin – American Wrap 21 October
FXStreet TeamFXStreet TeamFXStreet

Ethereum Price Forecast: Demand boost is needed to extend gains

Ethereum (ETH) trades roughly 3% down on Monday, erasing the gains registered on Sunday, as it approaches its descending trendline and following a rally of over 11% last week. From an on-chain and technical perspective, the correction could prove short-lived as there are signs of growing investor confidence in ETH, with US spot Exchange Traded Funds (ETFs) recording mild inflows and the total amount of ETH held in accumulation addresses reaching a new all-time high. 
Ethereum total balance chart. Source: CryptoQuant
Solana (SOL) price gained for the fourth consecutive day early on Monday before finding resistance and retracing from around the $170 level. The Ethereum-alternative token trades at $163.93 at the time of writing, losing over 2% of its value on the day as SOL holders speculate the impact of the upcoming Solana token unlock this week. 
SOL
Bitcoin (BTC) eases slightly on Monday, trading at around $68,400, after a 9.8% rally last week which was bolstered by a $2.13 billion inflow into the US spot Exchange Traded Funds (ETFs).
Total Bitcoin Spot ETF Net Inflow chart. Source: Coinglass
 

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

XRP holds $1.00 key support as modest ETF inflows temper bearish trend

XRP holds $1.00 key support as modest ETF inflows temper bearish trend

Ripple continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.

Zcash extends gains amid rising retail strength, Ironwood pool adoption

Zcash extends gains amid rising retail strength, Ironwood pool adoption

Zcash (ZEC) is up 5% on Monday, erasing the 4% losses from the previous week. The privacy coin gains retail strength amid rising user adoption, with Open Interest up 6% in 24 hours as Ironwood pool shielded volume crosses 3 million ZEC tokens.

Bitcoin range trade hints at looming volatility burst, analysts say

Bitcoin range trade hints at looming volatility burst, analysts say

Bitcoin (BTC) trades slightly higher around $63,500 on Monday, following a slight correction the previous week, supported by improving risk sentiment and despite mild outflows from institutional demand.

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite returning ETF outflows

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite returning ETF outflows

The crypto market is broadly consolidating on Monday, with Bitcoin (BTC) holding above $63,000, Ethereum (ETH) approaching $1,900 and Ripple (XRP) sitting on top of the critical $1.00 support level.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.