Gareth Soloway, chief market strategist, has shared his predictions on four major altcoins: Ethereum (ETH), Solana (SOL), XRP, and Avalanche (AVAX). His analysis focuses on immediate support and resistance levels that could shape price action in the weeks ahead.
Ethereum Faces a Critical Test
Ethereum has been trading within a series of parallel channels. The current focus is on support near $4,350. Soloway said this level is important because a confirmed breakdown could send ETH toward $3,750. If the level holds, ETH may attempt to retest the highs above $5,000, with a possible next target around $5,500.
Solana Maintains a Strong Setup
Solana remains one of the stronger altcoins on the charts. It recently broke above the $205–$215 range and continues to form higher highs and higher lows. As long as it stays above $235, the outlook remains positive. A move back to its previous all-time high near $295, or even above $300, is possible. If the trend breaks, support sits again in the $215–$205 zone.
XRP Shows a Neutral Pattern
XRP’s chart is less clear. It has support near $2.95, but lower highs signal caution. A drop below $2.95 could open the door to $2.75–$2.67. On the other hand, a breakout above $3.12 would signal strength and could trigger a move higher by 10–20 percent.
Avalanche Pulls Back After a Rally
Avalanche recently surged from $26 to $36 before meeting strong resistance. Soloway said that this level acted as a ceiling. He expects a short-term pullback, which could later set up a new buying opportunity if support holds.
Soloway said that these projections are short-term, spanning weeks or months. Clear support and resistance zones remain the important signals to watch.