The cryptocurrency market is witnessing significant movements, with Ethereum (ETH)
$4,733 nearing its all-time high (ATH). The almost unprecedented level demonstrates a strong bullish sentiment among major altcoins, confirmed by the dynamism of those with large market capitalizations. Understanding the future price predictions has never been more critical.
Ethereum (ETH)
Ethereum’s ATH from 2021 stands at $4,868, and it most recently hit a daily peak of $4,750. This brings it close to the record, just $138 shy. A minor increase would shift the price discovery into uncharted territory, with $5,000 appearing to be an approachable target. Institutional crypto treasury firms announcing purchases and stock sale planning sparked this week’s Ether surge.
Analyst Ali Martinez recently remarked that $5,200 and $6,400 could be the next targets for Ethereum. A breakout in the ETHBTC pair had been anticipated earlier, and a new ATH is predicted to occur shortly, marking today as a historic event for ETH.
Solana (SOL) and PUMP Coin
Solana
$199 has been rising towards $200. Despite its relatively calm demeanor during the last rally, it has now gained momentum. As one of the major smart contract platforms, Solana could not dethrone Ethereum but continues overcoming competitor networks with its robust community. Altcoin Sherpa shared his latest predictions regarding Solana’s performance.
Sol experts describe $200 as a psychological and critical support/resistance level. There’s optimism that Solana might revisit its ATH similar to Ethereum, though the rotation process may require time.
Notably, Solana’s ATH is past $296, and the price isn’t far from it. If Solana’s ascent sparks a new meme coin hype, all eyes might be on Pump Coin. The altcoin’s performance has previously dwindled from a presale price of $0.004 to around $0.0025.
This past week, a $33 million token buyback helped restore Pump Coin’s presale value. Now at a pivotal point, bulls continue striving to maintain $0.004 and need to overcome the $0.0042 resistance. Should Solana’s activity gain pace and meme coins on the network captivate interest, Pump Coin might climb to $0.007 and beyond.
If not, a decline back to the next support level of $0.0035 could occur, keeping the price below presale figures for a longer span. With substantial liquidity in the protocol, further buybacks might challenge bears, potentially increasing the tokens’ worth.