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ETH and SOL Price Analysis for December 21

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Wed, 21/12/2022 - 15:18
ETH and SOL Price Analysis for December 21
Cover image via www.tradingview.com

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Bulls could not keep their slight rise going as the rates of most of the coins are going down.

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Top 10 coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is an exception to the rule, rising by 0.19% over the last 24 hours.

ETH/USD chart by TradingView

The rate of Ethereum (ETH) keeps trading in the middle of a wide range, between the support at $1,071 and the resistance at $1,350.

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Currently, there are no prerequisites for growth or decline as none of the sides has accumulated enough power for a sharp move. In this case, sideways trading remains the more likely scenario for the upcoming days.

Ethereum is trading at $1,214 at press time.

SOL/USD

Solana (SOL) is more of a loser than Ethereum (ETH), falling by almost 2% since yesterday.

SOL/USD chart by Trading View

From the technical point of view, the price of Solana (SOL) is slowly approaching the support at $11.27. If buyers lose the vital $12 mark, the accumulated energy might be enough for a drop to the $10 zone.

SOL is trading at $12.09 at press time.

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