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Cryptocurrencies Price Prediction: Ethereum, Solana & Cryptos – American Wrap 22 October

Cryptocurrencies Price Prediction: Ethereum, Solana & Cryptos – American Wrap 22 October
FXStreet TeamFXStreet TeamFXStreet

Crypto Today: Bitcoin price unchanged, Ethereum and XRP correct as US presidential election draws close

Bitcoin trades at $67,184 early on Tuesday. The largest cryptocurrency by market capitalization is holding steady above the $67,000 level as traders speculate on the outcome of the US presidential election. 

DOGE
Ethereum (ETH) declines for a second consecutive day on Tuesday after facing rejection around the $2,700 level the previous day. The downward move was supported by a mild outflow of over $20 million in US spot Ethereum Exchange Traded Funds (ETFs). Additionally, the high Estimated Leverage Ratio in the ETH futures market indicates an increased likelihood of a short-squeeze scenario.
Ethereum Estimated Leverage Ratio chart. Source: CryptoQuant
Solana (SOL) price edges slightly lower and trades at $166.73 at the time of writing on Tuesday after being rejected from Monday’s high of $171.76. The token of the Ethereum alternative blockchain is hovering just below $171, a resistance level tested only once in nearly two months. 
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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.

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