From Investing.com: 2024-05-28 02:30:25

Ethereum is on track to potentially reach a new yearly high of $4,500 as it nears $4,000, now trading at $3,906 with strong support levels at $3,225 and $3,170. The RSI is at 72, signaling overbought conditions but the market sentiment remains positive, aiming for higher resistance levels.

Bitcoin struggles to maintain levels above $70,000, currently consolidating around $69,000, suggesting potential bearish trends ahead. Failure to breach $70,000 could lead to a test of support levels at $68,000, $65,000, and $62,000. Selling pressure may push Bitcoin down towards $60,000 if it fails to hold above key levels.

Solana is approaching a crucial support level represented by the 26-day EMA, currently trading near $164. The 26 EMA has historically provided strong support around $160, helping SOL rise. Traders closely monitor this indicator for bullish or downtrend signals. The 50-day EMA at $153 serves as the next line of defense if the 26 EMA fails.

Read more at Investing.com: Bitcoin (BTC) Couldn’t Hold Itself, Solana (SOL) Lands on Crucial Support, Ethereum (ETH) to Reach $4,500 By U.Today