Must read, ETH, BNB, SOL core strategy is presented 🔥🔥🔥

Ethereum price analysis

Ethereum fell back from the resistance line on May 19, but the bulls did not allow the price to fall below the 20-day moving average ($3,048).

The bulls will once again try to push the price above the resistance line. If they do so, it will mark a potential trend change in the short term. The Ethereum USDT pair may rebound to $3,400 and then rise to the overhead resistance at $3,730.

If the bears want to maintain their holdings, they will have to pull the price below the 20-day moving average and take the pair below the critical support of $2,850. The pair may then fall to the support line of the channel.

BNB price analysis

BNB has been holding tight to the moving averages for the past few days, indicating indecision between the bulls and the bears.

The flat moving averages and the RSI just below the midpoint are clearly not in favor of the bulls or the bears. If the price breaks below the support line of the triangle, it will suggest that the bears have grabbed the upper hand. The pair could then drop to $536.

Conversely, if the price turns up from the support line and rises above the resistance line, it will suggest that the bulls have the upper hand. The pair could then retest the overhead resistance at $635.

Solana Price Analysis

Solana SOLUSD has gradually moved towards the immediate resistance at $185, indicating demand from the bulls.

On May 19, the bears attempted to pull the price down to the breakout level of $162, but the bulls held their ground. The $185 level could be a minor hurdle, but if the bulls overcome it, the SOLUSDT pair could surge to $205.

Contrary to this assumption, if the price turns down from the current levels, i.e. $185, and breaks below the moving averages, it will suggest that the bears are active at higher levels. The pair could then drop towards $140.

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