ETH for everyone imagined a different start to July. However, the change in overall market sentiment erased predictions. We have already discussed what happened in the last few weeks at every opportunity. In the last 24 hours, the SEC officially filed a lawsuit against the company behind MetaMask specifically for ETH. Thus, the rumors that the legal battle for Ethereum was shelved were also debunked.
Ethereum (ETH)
Sentiment is negative, and the SEC’s latest move is the main reason for this. The main goal for the bears is to see closures below $3,200. If they succeed, we could see new lows below $3,000. However, in the opposite scenario, there is potential for a new rally to $3,730. Even if this attempt fails, if it finds support at EMA20, we could see an increased likelihood of an upward breakout.
BNB Coin Price Prediction
The bulls, trying to defend the $560 support level, have not long returned from the new ATH region. The BTC drop that upended the cryptocurrency markets also turned BNB Coin back from its $1,000 target journey. Sales are strong in the 20-day EMA ($594) region, and considering BTC’s failure to recover in the last few days, they are not unjustified.
Below $560, the target is $536, and below that, we could see sales retreating to $495. If buyers step in at lower levels, there will be potential for a new attempt at $635.
Solana (SOL)
This week’s unluckiest altcoin by far is Solana (SOL). Two major ETF issuers officially applied for a spot SOL ETF, but the price dropped 6% in the last 24 hours. Encouraged by the ETH ETF approval, issuers want to bring its biggest rival to the US exchanges as well. Traditional market investors, even at low percentages, give a chance to such extremely risky alternatives. SOL Coin is a good alternative in this regard.
ETF news was supportive, and $143 was quickly regained. However, after the 21Shares application on Friday, the 20-day EMA was lost again. Of course, BTC’s drop to $60,000 was influential here. RSI emphasizes balance. If $156 can be surpassed, levels of $175 and $189 could open up. Otherwise, the target will be $116.
