Analyst says where the price of Ethereum, BNB and Solana will go over the weekend

Analyst Rakesh Upadhyay presented a detailed technical analysis on the cryptocurrencies Ethereum (ETH), Binance Coin (BNB) and Solana (SOL), highlighting critical support and resistance levels to help traders identify possible future price movements in these crypto assets.

According to him, Ethereum (ETH) has struggled to begin a robust recovery from the $3,730 support, indicating that demand is weakening at higher levels.

“Despite this, the rising 20-day exponential moving average (EMA) at $3,684 and the relative strength index (RSI) in positive territory suggest that the bulls are still in control,” Upadhyay explained.

Upadhyay highlights that if the price rises from the current level and surpasses $3,900, the ETH/USDT pair could advance to $3,977 and eventually reach $4,094.

On the other hand, according to the analyst, if the price continues to fall and breaks below the 20-day EMA, it will suggest that the bulls have given up and are taking profits, which could sink the pair to the 50-day simple moving average (SMA ) at $3,342.

BNB Solana

The trader claims that Binance Coin (BNB) is in an uptrend, but the rally is facing resistance near $722, suggesting profit-taking by short-term traders. Thus, the bears will try to pull the price towards the $635 breakout level.

For him, if the BNB/USDT pair recovers strongly from this level, it will signal that the bulls have turned $635 into support, improving the prospects of a rally to the $775 target.

“The first sign of weakness will be a breakout and close below the $635 support. Selling could intensify after the bears sink the price below the uptrend line. This could start a bearish move towards $536,” explained Upadhyay.

Rounding out the analysis is Solana (SOL) which found support again at the 20-day EMA ($167) on June 6, indicating that bulls are viewing the dips as a buying opportunity.

“Buyers will try to maintain their advantage and push the price towards $189. This level may act as a hurdle, but it is likely to be overcome. The SOL/USDT pair could then attempt a rally towards the formidable resistance of $205,” the analyst highlighted.

But he also points out that if bears want to stop the move higher, they will need to quickly drag the price below the 50-day SMA ($156). Then, if they succeed, the pair could fall to $140 and subsequently critical support at $116.”