Crypto markets are definitely under pressure. The year got off to a shaky start, and weakness has continued as traders remain cautious in a low-liquidity, macro-uncertain environment. That’s left Ethereum and Solana stuck in corrective moves for now.

Let’s take a closer look at ETH and SOL, analyzing recent price moves and network fundamentals to gauge their near-term price predictions.

Current market scenario

As of February 10, crypto markets remain unsettled. Volatility is elevated, sentiment is fragile, and rallies are quickly met with selling pressure. Many large-cap coins are still trading below last year’s highs, highlighting a risk-off environment.

Altcoins have borne the brunt of selling, with investors either rotating into cash or waiting for confirmation of trends. Ethereum and Solana remain technically bearish for now, although network activity continues in the background.

Ethereum price prediction

Ethereum (ETH) is currently trading around $2,016, having failed to hold above the key $2,100 resistance zone. Year-over-year, ETH is down roughly 20–25%, showing the ongoing pressure on large-cap altcoins. Short-term momentum hasn’t helped either, with the ETH price falling 0.9% in the last 24 hours and 11.6% over the past week.

Technically, the short-term trend is still bearish. On Sunday, a bearish pin bar showed up just under $2,100, meaning sellers are in control there. If price can’t get past this level, the next downside target is around $1,760, which acted as support the last time price dipped this low.

From a fundamentals perspective, things are still solid for Ethereum. Developers are busy, users are active, and Layer-2 adoption keeps expanding. These network improvements ease congestion and boost throughput, even if the ETH price doesn’t show it yet. They remain a key part of the longer-term ETH forecast.

If buyers step in and push Ethereum over $2,150 for a daily close, the bearish trend would start to fade. After that, a move toward $2,500 looks more likely.

Solana price prediction

Solana (SOL) is currently trading near $84. While the SOL price is up 0.5% on the day, the bigger picture remains ugly, with the token down nearly 18.4% over the past week.

From a technical standpoint, Solana is still in a clear downtrend. Price recently dropped below a descending channel and is now holding in the $80–$90 zone as short-term support. Trend-wise, nothing much has changed— lower highs and lower lows remain dominant.

If this support breaks, the next downside area to watch is $70–$65, which marks the last strong demand zone before liquidity dries up. On the flip side, $100 is the key resistance bulls need to reclaim to shift sentiment.

For now, the SOL outlook remains cautious, at least until we see buyers show real strength.

Final thoughts

Right now, Ethereum and Solana aren’t having an easy time. Bears are in control in the short term, but Ethereum’s bigger picture is still intact. Until the price can get back above key resistance levels, rallies are likely to be shaky. Patience and waiting for confirmation will be important for anyone following ETH or SOL.

Bitcoin’s sharp correction at the start of the month may represent a critical “halfway point” in the current bear market, according to Kaiko Research.

Bitcoin (BTC) fell to $59,930 on Friday, marking its lowest level since October 2024, before the re-election of US President Donald Trump, according to TradingView data. 

The decline suggests the market has moved out of the euphoric post-halving phase and into what Kaiko described as a historically typical bear market period that lasts about 12 months before a new accumulation phase begins.

In a research note shared with Cointelegraph on Monday, Kaiko said Bitcoin’s 32% crash was the most significant correction since the 2024 Bitcoin halving and may mark the “halfway point” of the current bear market.

“Analysis of on-chain metrics and comparative performance across tokens reveals a market approaching critical technical support levels that will determine whether the four-year cycle framework remains intact,” Kaiko said.

Related: Trend Research cuts ETH exposure by over 400K as liquidation risk rises

Kaiko’s report highlighted several emerging onchain bear market signals, including a 30% drop in aggregate spot crypto trading volume across the 10 leading centralized exchanges, from around $1 trillion in October 2025 down to $700 billion in November.

At the same time, combined Bitcoin and Ether (ETH) futures open interest declined from $29 billion to $25 billion over the past week, a 14% reduction that Kaiko said reflects ongoing deleveraging.

While Bitcoin has realigned with the historical four-year halving cycle since the beginning of the year, determining the depth of the current bear market is complex, as “many catalysts that fueled BTC’s rally to $126,000 are still in effect,” said Shawn Young, chief analyst, MEXC Research.

“With oversold indicators emerging on multiple timeframes, the rebound conversation around BTC is more a question of when, not if,” Young said, adding that Bitcoin may be entering a new cycle that will only become clear over the next year.

Related: Binance adds $300M in Bitcoin to SAFU reserve during market dip

Is $60,000 the bear market bottom?

The key question for investors is whether the dip to $60,000 represents the low of the current bear market. The level roughly aligns with Bitcoin’s 200-week moving average, which has historically acted as long-term support.

Still, more market volatility is expected in the absence of crypto-specific market catalysts, Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen, told Cointelegraph, adding:

“With that said, it is still very hard to say if it means we are going back to the conventional 4-year cycle. I have seen many prominent figures in the space air the idea, but equally many who do not think so.”

However, Kaiko pointed to a 52% retracement from Bitcoin’s previous all-time high being “unusually shallow” compared to previous bear market cycles.

A 60% to 68% retracement would “align more closely” with historical drawdowns, which implies a Bitcoin cycle bottom around $40,000 to $50,000, Kaiko said.

Still, some market participants argue that $60,000 already marked a local bottom. Analyst and MN Capital founder Michaël van de Poppe called the crash to $60,000 the local market bottom for Bitcoin’s price, citing a record low in investor sentiment and a critical low in the relative strength index, which sank to values last seen in 2018 and 2020.

Magazine: Would Bitcoin survive a 10-year power outage?