Ethereum shows signs of reversal, Solana whales selling, Bitcoin aims for $60,000.

From Investing.com

September 11, 2024 2:30:20 am:

Ethereum shows signs of a possible price reversal with a troubling candlestick pattern, signaling a potential decline in the near future. The lack of buying volume and struggles to break key resistance levels raise concerns among traders about a downward trend for Ethereum. Market conditions remain uncertain, impacting investor sentiment.

Solana whales are selling their holdings quickly at local highs, indicating a lack of long-term confidence in the coin’s price momentum. Recent data shows a whale selling 206,951 SOL worth $29.3 million, causing the price to struggle to sustain upward momentum. Resistance from key moving averages further hinders SOL from experiencing a breakout.

Bitcoin aims to reach $60,000, but faces obstacles along the way as the market experiences extreme conditions, with the Risk Index reaching 100. With a slight retraction, Bitcoin may be able to overcome resistance levels to achieve the $60,000 target. The current price at $56,960 encounters resistance from key moving averages, requiring caution from traders.

Read more at Investing.com: Ethereum (ETH) Paints Grim Reversal Pattern, Solana (SOL) Whales Not Bullish, Bitcoin (BTC) Enters $60,000 Path By U.Today