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Ethereum, Solana, Fantom Price Analysis: 25 December
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While the bulls endeavored to skew the sentiment in their favor, the bears refrained from giving up their edge as the crypto fear and greed index stood below 40.
Ethereum poked $4,100 while Solana jumped above the crucial $192-level. Fantom saw staggering gains after a long-term trend reversal.
TradingView, ETH/USD
On its 4-hour chart, ETH saw a trend reversal over the past week as it broke out of the month-long falling wedge. Since 17 December, it oscillated in an up-channel after snapping off the $4000-mark. The bulls managed to sustain the price above this level after testing it a handful of times and persistently marking higher lows.
However, the rally halted at the $4,156-mark after a month-long bearish divergence (green). This level
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