Bitwise&#8217;s Solana ETF filing highlights growing institutional interest in 
crypto assets, potentially influencing broader market adoption trends.
The post Bitwise files for Solana ETF via Delaware trust appeared first on 
Crypto Briefing.

Bitwise files for Solana ETF via Delaware trust

Ethereum (ETH) has consolidated since November 12, when it hit a local high of 
$4,446. Despite Bitcoin’s impressive rally capturing market attention, 
Ethereum has struggled to maintain upward momentum and reclaim its yearly 
highs. The price action reflects a period of indecision, as ETH faces 
challenges in breaking through significant resistance levels that could 
reignite bullish sentiment. Related Reading: Bitcoin Demand Outweighs Supply 
As LTH Enter Active Distribution Phase While Ethereum lags behind Bitcoin in 
performance, analysts remain optimistic about its potential for a breakout. 
Notably, Carl Runefelt, a prominent crypto analyst, recently shared a 
technical analysis suggesting that ETH is on the verge of a major move. 
According to Runefelt, Ethereum must push above a key resistance level to 
trigger a breakout and rejoin the broader market&#8217;s bullish trend. As the 
second-largest cryptocurrency by market cap, Ethereum’s next steps will be 
crucial for traders and investors watching the market closely. A breakout 
above resistance could signal the start of a new upward phase, while continued 
consolidation might test the patience of market participants. With technical 
signals aligning and speculation building, Ethereum’s price action in the 
coming days will likely set the tone for its performance in the weeks ahead. 
Ethereum Prepares To Surge Ethereum has been underwhelming in its price action 
since March, struggling to keep pace with Bitcoin&#8217;s performance. Despite a few 
notable surges, ETH has yet to achieve the breakout investors eagerly 
anticipate. Related Reading: Solana Analyst Expects A Retrace Before It Breaks 
ATH – Targets Revealed The prolonged consolidation has frustrated some 
traders, but an optimistic sentiment remains among those who believe Ethereum 
is poised for a significant rally once it clears key supply levels. Top crypto 
analyst Carl Runefelt recently shared his technical analysis on X, 
highlighting Ethereum&#8217;s current position within a bullish flag pattern. 
According to Runefelt, ETH has attempted to break out of this formation for 
the past two weeks, facing stiff resistance at critical supply zones. However, 
he remains confident that it could rapidly surge to $4,150 once Ethereum 
breaches this level. Such a move would mark a substantial percentage increase 
from current prices, sparking a wave of investor enthusiasm. The fear of 
missing out (FOMO) could drive additional buying momentum, creating a self- 
reinforcing price appreciation cycle. If ETH follows this trajectory, it would 
confirm the bullish flag breakout and signal Ethereum’s return to a dominant 
position in the crypto market. ETH Price Action: Technical Details Ethereum is 
trading at $3,120 following several days of sideways consolidation below its 
recent local high of $3,446. Despite the pause in upward momentum, ETH has 
shown strength by surging above the critical 200-day moving average (MA), 
currently at $2,957, and maintaining its position above this key technical 
indicator. The 200-day MA is often a pivotal line between bullish and bearish 
trends. Ethereum’s ability to stay above it signals robust support from buyers 
and growing confidence in the market. If ETH continues to hold this level, it 
could pave the way for a bullish surge, with the first target being the local 
top at $3,446. Beyond that, a break above this resistance level could see ETH 
aiming for yearly highs near $4,000, reigniting enthusiasm among traders and 
investors. Such a move would likely confirm Ethereum’s return to a sustained 
uptrend, aligning it more closely with Bitcoin’s recent bullish performance. 
Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern – Analyst 
Reveals Target However, losing the 200-day MA as support could introduce risks 
of a pullback, potentially sending ETH to retest lower levels. Ethereum’s 
price action remains strong, with the market eagerly watching for the next 
significant move. Featured image from Dall-E, chart from TradingView

Ethereum Consolidation Continues – Charts Signal Potential Breakout

XRP price is consolidating gains above the $1.00 zone. The price might start a 
fresh increase if it clears the $1.150 resistance zone. XRP price started a 
downside correction below the $1.120 level. The price is now trading below 
$1.120 and the 100-hourly Simple Moving Average. There is a short-term 
contracting triangle forming with resistance at $1.1380 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could gain bullish 
momentum if it clears the $1.150 resistance. XRP Price Holds Support XRP price 
struggled to start a fresh increase above the $1.150 and $1.180 levels. It 
started a downside correction and traded below the $1.120 level. It 
underperformed Bitcoin and struggled like Ethereum in the past two sessions. 
The price is now trading below $1.120 and the 100-hourly Simple Moving 
Average. On the upside, the price might face resistance near the $1.1380 
level. There is also a short-term contracting triangle forming with resistance 
at $1.1380 on the hourly chart of the XRP/USD pair. The first major resistance 
is near the $1.150 level. The next key resistance could be $1.1680 or the 
61.8% Fib retracement level of the downward move from the $1.2747 swing high 
to the $0.9988 low. A clear move above the $1.1680 resistance might send the 
price toward the $1.200 resistance or the 76.4% Fib retracement level of the 
downward move from the $1.2747 swing high to the $0.9988 low. Any more gains 
might send the price toward the $1.2250 resistance or even $1.2320 in the near 
term. The next major hurdle for the bulls might be $1.250 or $1.265. More 
Downsides? If XRP fails to clear the $1.1380 resistance zone, it could 
continue to move down. Initial support on the downside is near the $1.100 
level. The next major support is near the $1.0650 level or the triangle’s 
lower trend line. If there is a downside break and a close below the $1.0650 
level, the price might continue to decline toward the $1.020 support in the 
near term. The next major support sits near the $0.980 zone. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now below the 50 level. Major Support Levels – $1.1000 and $1.0000. Major 
Resistance Levels – $1.1680 and $1.2000.

XRP Price Targets Its Next Move: Will It Break Higher Again?

Bitcoin, the world&#8217;s largest cryptocurrency, hit a new all-time high of 
$95,672 on Wednesday after its price rose to 3.55% in the past 24 hours. For 
the first time, on Nov. 20, Bitcoin reached the new highest price level of…

Bitcoin hit $95,000: heading to $100k price target

The US has laid charges against a group accused of a hacking spree, with one 
alleged victim being robbed of over $6.3 million worth of crypto.

Cryptocurrency price in USD