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

FXStreet Team FXStreet

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.

Ethereum Price Forecast: ETH futures market seems overheated

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 Price Forecast: SOL ranks in the top 3 chains by revenue, gears up for gains

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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Cardano Price Forecast: ADA capped at $0.20 warns of over 15% downside

Cardano price is trading in the red on Wednesday, reversing after the recent 25% recovery was capped at $0.2000 the previous day. Speculative demand in ADA futures is easing, with Open Interest and funding rates declining. The technical outlook is mildly bearish, hinting at a pullback toward the 50-day Exponential Moving Average at $0.1761.

Crypto Overview: Bitcoin steadies above $64,000 – PUMP, ZEC sustain gains

Bitcoin price edges above $64,000 at press time on Wednesday, heading toward its 50-day Exponential Moving Average at $64,652. Meanwhile, Pump.fun and Zcash sustain gains after a rebound on Tuesday, with bulls eyeing further upside.

Aave founder revolts against proposal to cap Ethereum staking incentives at 50% of supply

Ethereum community members have pushed back against a new proposal that seeks to change the network's staking issuance policy by gradually reducing staking rewards as the number of staked ETH approaches 50% of total supply.

Ethereum Price Forecast: ETH holds steady below $1,900 as retail distribution rises

Ethereum (ETH) continued trading flat on Tuesday following modestly increasing exchange net flows and continued distribution across retail wallets. Ethereum on-chain data shows mixed sentiment across several wallet cohorts.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.