Solana Flashes Double Bottom Signal as ETH Risks Fresh Downside: Analysis

Solana forms a double bottom on weekly charts while Ethereum battles a critical resistance zone. Here’s what analysts are watching now.

Solana is showing signs of a potential recovery pattern, but resistance looms large. 

Meanwhile, Ethereum faces its own defining moment at a historically significant price zone. 

Analysts are watching both assets. Two separate market reads paint a mixed but cautious picture for crypto traders heading into the next monthly close.

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Solana’s Double Bottom Formation Puts $90 in Focus

Top market analyst Rekt Capital flagged a developing Double Bottom on Solana’s weekly chart. 

According to his newsletter, a weekly close above the $90 area would mark the first key trigger. That would confirm the structure and open a path toward the $99.06 to $123.28 supply zone above.

Rekt Capital noted that this upper range previously acted as major multi-month support. 

Now flipped, it could serve as a sticky resistance area for several months. A post-breakout retest of the $90 level as new support would be the next step to watch.

He also pointed out that Solana may not need a full retest to continue higher. Bitcoin’s own Double Bottom played out without one. That said, the analyst made clear this remains uncertain.

Per CoinGecko data at press time, Solana trades at $85.61, down 3.20% in the past 24 hours, though up 0.43% over the past week.

Ethereum at a Critical Monthly Close Juncture

Rekt Capital also weighed in on Ethereum. 

He described the $2,400 green zone as a historically pivotal level. It has switched between support and resistance at major macro turning points, notably in mid-2022 and again in early 2025.

On both prior occasions, losing that zone triggered meaningful downside. The analyst stressed that how Ethereum closes on a monthly basis relative to this zone will be crucial. 

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A monthly close above it, followed by a successful retest as support, could trigger a relief rally toward the red zone overhead.

Failure to close above it keeps the zone acting as resistance. In that case, Rekt Capital pointed to the multi-year macro uptrend trendline below as the next structural defense.

Trader Flags $2,700 as Short-Term Rejection Zone for ETH

Crypto trader Luca shared a separate take on Ethereum. 

He noted that price bounced off the 1D Bull Market Support Band, a level he had highlighted previously. Since the bounce, momentum has shifted upward.

Luca identified $2,700 as the next key point of interest. He described it as a lost high-timeframe support range that could produce a short-term rejection. 

His bullish view holds as long as the price stays above the support band.

He flagged a break below that band as his invalidation. That outcome, he said, could open the door to a deeper pullback toward the $2,100 area. 

At reporting, Ethereum trades at $2,326.76, down 2.69% in 24 hours, per CoinGecko.

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