Bitcoin price has not yet recovered as expected after dropping to $64,550, and the weakness persists. This weakness in BTC price has also reflected in altcoins. Most cryptocurrencies continue the day in red. However, similar pullbacks throughout 2024 have also been seen as buying opportunities. Now let’s examine the current key levels for ETH, BNB, SOL.
Ethereum (ETH)
Ether aimed to surpass the $3,679 resistance but suddenly fell below $3,300 due to a BTC drop. Bears took advantage of the situation and engaged in a struggle with closures below the 50-day SMA ($3,386). For now, ETH is below the key region, and if $3,250 is lost, the decline could deepen to $3,056.
If bears want to stop the decline, they must push the price above $3,386 and $3,679. However, it is still unclear how much deeper BTC sales might go. Investors looking to capitalize on lows can seek entry opportunities around $3,250 with well-set stop regions.
In a potential rally, ETH targets are $4,000 and $4,500 followed by the ATH region.
BNB Chart Analysis
As the ATH seemed imminent, BTC fell, and BNB Coin price retreated to the feared $550 threshold. BNB showed signs of weakness at $620 on March 29 and then fell to $562 on Monday. Short-term investors’ profit-taking along with the BTC surprise dampened the ATH excitement.
The $562 level is critical, and closures below it could lead to sales down to $496. Long-term bulls will likely see support as a buying opportunity. A bounce from support could bring $620 and $645 barriers back into play, followed by a focus on the historic target of $692.
Solana (SOL)
Like BNB, SOL Coin bulls were also highly confident about ATH, but today the price dropped to $185. If BTC had stayed above $71,500 for a few more weeks, we could have seen ATH tests in many altcoins led by BNB and SOL.
The 20-day EMA ($180) level is a key area. It’s currently holding, but losing it could see support at $147. Here, we might see bold moves by mid and long-term investors. If a rally starts, a close above $205 could lead to $267.
