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

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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 Price Forecast: SOL eyes 12% gains even as altcoin gears up for unlock this week

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.

Bitcoin Price Forecast: Bulls sets sight on all-time high

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

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.