Cryptocurrencies Price Prediction: Ethereum, Solana & Cryptos – American Wrap 16 October

FXStreet Team FXStreet

Solana Price Forecast: SOL gears up to test $172 resistance

Solana (SOL) gains on Wednesday, trades above $154 at the time of writing. SOL token has traded within a range between the March 18 peak of $210.18 and the August 5 low of $110 for six consecutive months.

Crypto Today: Bitcoin and Ethereum gear up for gains, XRP holds steady amidst large USDT transfers to Binance

Bitcoin trades at $67,161 at the time of writing on Wednesday. The largest crypto by market capitalization recorded $371 million in inflows on Tuesday, signaling institutional investor interest returns.

Ethereum Price Forecast: ETH eyes for $2,800 following retest of support level

Ethereum (ETH) edges higher again on Wednesday after retracing and testing its crucial support level the prior day. Supporting Tuesday’s retracement, US spot Ethereum Exchange Traded Funds (ETFs) recorded a mild outflow on the day, followed by some investors booking profits, as shown by Lookonchain data and the Sentiments Network Realized Profit/Loss metric.

Total Ethereum Spot ETF Net Inflow chart. Source: Coinglass

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