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Will ETH & SOL bounce back?

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Ethereum, Solana price prediction: Will ETH & SOL bounce back? - 2

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.

Summary

  • Crypto markets remain volatile and risk-off as of February 10, 2026, with large-cap coins like Ethereum and Solana trading below last year’s highs.
  • ETH is around $2,016, showing short-term bearish momentum, with key support at $1,760 and resistance near $2,150–$2,500.
  • SOL trades near $84 in a clear downtrend, with short-term support at $80–$90, major downside at $70–$65, and resistance at $100, keeping the SOL outlook cautious.

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.

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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.

Ethereum, Solana price prediction: Will ETH & SOL bounce back? - 2
ETH 1-day chart, February 2026 | Source: crypto.news

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.

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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.

Ethereum, Solana price prediction: Will ETH & SOL bounce back? - 3
SOL 1-day chart, February 2026 | Source: crypto.news

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.

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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.

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Crypto World

Bitcoin Trades Like Growth Stock, Not Gold: Grayscale

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Bitcoin Trades Like Growth Stock, Not Gold: Grayscale

Bitcoin’s long-standing narrative as “digital gold” is being put to the test as its recent price action increasingly resembles that of a high-risk growth asset rather than a traditional safe haven, according to new research from Grayscale.

Report author Zach Pandl said on Tuesday that while Grayscale still views Bitcoin (BTC) as a long-term store of value due to its fixed supply and independence from central banking authorities, recent market behavior suggests otherwise.

“Bitcoin’s short-term price movements have not been tightly correlated with gold or other precious metals,” Pandl wrote, pointing to record rallies in bullion and silver prices.

Instead, the analysis found that Bitcoin has developed a strong correlation with software stocks, particularly since early 2024. That sector has recently come under intense selling pressure amid concerns that artificial intelligence could disrupt or render many software services obsolete.

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Bitcoin’s latest plunge mirrors the collapse in software stocks since the start of 2026. Source: Grayscale

The report suggests Bitcoin’s growing sensitivity to equities and growth assets reflects its deeper integration into traditional financial markets, driven in part by institutional participation, exchange-traded fund activity and shifting macroeconomic risk sentiment.

The shift comes as Bitcoin has experienced about a 50% drawdown from its October peak above $126,000. The decline unfolded in several waves, beginning with a historic October 2025 liquidation event, followed by renewed selling in late November and again in late January 2026. Grayscale also pointed to “motivated US sellers” in recent weeks, citing persistent price discounts on Coinbase.

Related: Crypto’s 2026 investment playbook: Bitcoin, stablecoin infrastructure, tokenized assets

Part of Bitcoin’s ongoing evolution

Bitcoin’s recent failure to live up to its safe-haven narrative should not be viewed as a setback but rather as part of the asset’s ongoing evolution, according to Grayscale.

Pandl said it would have been unrealistic to expect Bitcoin to displace gold as a monetary asset in such a short period.

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“Gold has been used as money for thousands of years and served as the backbone of the international monetary system until the early 1970s,” Pandl wrote.

While Bitcoin’s failure to reach similar monetary status is “central to the investment thesis,” he said, it could evolve in that direction over time as the global economy becomes increasingly digitized through artificial intelligence, autonomous agents and tokenized financial markets.

Despite its recent underperformance, Bitcoin’s annualized returns have significantly outpaced gold over the past decade. Source: Grayscale

In the near term, Bitcoin’s recovery may depend on fresh capital entering the market, either through renewed ETF inflows or a return of retail investors. Market maker Wintermute said retail participation has recently been concentrated in AI-related stocks and growth narratives, limiting near-term demand for crypto assets.

Related: Wall Street’s crypto debate is over as banks go all-in on BTC, stablecoins, tokenized cash