Bitcoin’s recent dip below $107,800, triggered by significant whale movements and news from China, has raised concerns among traders. The continuation of closures below $108,000 is unfavorable, compounded by weak trading volumes due to the holiday season. How do technical analysis experts predict the future for SOL and ETH? Which chart should altcoin enthusiasts closely monitor?
Analysis of Altcoins
As Bitcoin 
$76,429 edges towards record highs, altcoins have been stuck in a holding pattern for months. Despite recovering significantly from the lows of the FTX collapse, they have yet to experience the much-anticipated Fear of Missing Out (FOMO) due to market conditions. Investors are waiting with hope for a positive turn.
Analyst DaanCrypto recently shared a crucial chart, highlighting key levels and identifying the pivotal zone where a bull market could ignite for altcoins.
“Despite BTC nearing its all-time high, altcoins present a different picture. The Total Altcoin Market remains largely unchanged within this range. Focus on these flat levels and act accordingly.”
Insights on Bitcoin and Solana
Both Bitcoin and Solana 
$83‘s ETFs witnessed notable inflows yesterday. However, this alone isn’t enough. The macroeconomic backdrop needs to stabilize for sustained progress. While BTC investors have grown accustomed to frequent surprises, altcoins continue to suffer significant losses during downturns.
Fella, an analyst, recently noted that Ethereum 
$2,262 continues in a phase of consolidation, awaiting a breakout.
“Ethereum is in a sideways consolidation phase after breaking through a major downtrend. For direction-setting trades, watch for clear breaks at $2,300 (down) or $2,800 (up). Currently, it hit a higher low around $2,300 with institutional volumes accumulating here.”
Lastly, Carl Moon observed potential bearish signals in the SOL Coin chart. If his predictions hold true, we might see a test of $128.5. This scenario coincides with Bitcoin’s continued downward momentum. If the rumored whale selling is confirmed, a sharp decline may ensue.
Bitcoin’s price has dropped significantly, reaching as low as $107,505.
