ETH Tracks BTC’s Counter-Trend Consolidation as XRP Clings to $2 Support and SOL Drifts Without Direction

BTC
Bitcoin remains confined to a counter-trend rising channel on the hourly chart, nested within a broader descending structure that continues to define medium-term sentiment. Price action sits at an inflection point: a clean move above $96,500—the confluence of the channel’s upper boundary and the dominant bearish trendline—would flip technicals decisively bullish and argue for a renewed upside cycle.
The weekly chart reinforces this bias, with buyers repeatedly defending the 100-week SMA, a sign of downside exhaustion and mounting potential for a trend reversal.

ETH
Ether is tracing a near-identical pattern to Bitcoin, consolidating within a rising counter-trend channel even as the broader downtrend persists. A firm breakout above $3,200, the channel ceiling, would confirm a momentum shift and open the door toward $3,620, the Nov. 10 lower-high barrier.
If sellers invalidate the rising channel, however, the larger downtrend resumes, exposing $2,630 as the first major support zone and leaving ETH vulnerable to a deeper pullback.
For now, $3,200 remains the decisive battleground.

XRP
XRP is once again testing the critical $2 support—an area that has repeatedly halted declines this year, reflected in long-tailed weekly candles signaling seller fatigue. Momentum remains pressured, with both the 5- and 10-week SMAs sloping sharply lower.
A confirmed breakdown risks triggering capitulation, targeting $1.63, the 61.8% Fibonacci retracement of the 2024–2025 advance.
On the flip side, back-to-back daily closes above $2.30 would invalidate the sequence of lower highs and mark a bullish trend reset. In this symmetrical structure, $2 is the pivotal level.

SOL
Solana continues to drift in a narrow consolidation band, oscillating between $145 resistance and $120 support, with price currently hovering near $134.
Directional conviction remains absent. A breakout above the range would activate a measured-move target toward $160 and potentially beyond, while a breakdown would extend the prevailing downtrend.