As cryptocurrency investors prepare for a volatile week with anticipated comments from Federal Reserve members, the market outlook remains critical. With interest rate cuts underway, the upcoming statements are likely to signal the pace of these reductions, which is what traders are particularly focused on. Key price levels and charts for ETH, BTC, SOL, AVAX, and SHIB are under scrutiny as volatility approaches, making it essential to analyze current market conditions.
BTC and ETH Analyst Commentary
Bitcoin 
$90,780 was trading above $62,700 at the time of writing. Analyst Ali Martinez provided insights into BTC’s current market structure, indicating that accumulation and selling signals are present, and alarms for a potential rally have begun to sound. Under the existing conditions, a swift upward movement could occur, similar to previous patterns.
Experts monitoring monthly candles since 2018 believe that the market conditions are ripe for a repeat of the 2023 bullish trend.
In a separate analysis, Crypto Tony suggested that the $2,900 mark may serve as key support for Ether. For ETH bulls to target the $4,400 level, they must convert $2,900 into a solid support base.
SOL and AVAX Price Predictions
SOL Coin rose to $150 but failed to surpass this threshold, closing with a long red candle. The rally for Solana 
$219 (SOL) investors could gain momentum at the $162 level. If this pivotal point turns into support in the coming days, a movement towards $188 might commence, while a bearish scenario indicates support at $138-$139.
AVAX attempted to reclaim $28.20 but was unsuccessful, setting support at $25.82. If it breaks through the $29.65 to $31.60 range, turning it into support, AVAX could target the $50 level, which corresponds to the resistance of a parallel channel. Avalanche has seen positive news overshadowed by overall market negativity, but shifting sentiments could trigger a breakout.
Shiba Coin Insights
Despite being the second-largest meme coin by market value, Shiba Coin has underperformed recently. The price has retreated from the $0.00001588 resistance level, struggling to break past it. Shiba Coin last attempted to surpass the parallel channel resistance at $0.00002933 at the end of May 2024, without success.
Currently, the price remains 30% below the parallel channel support, which has remained untested for 102 days. Time will tell if a recovering overall market sentiment will allow this distance to be covered.
