Bitcoin May Be Forming Cup-and-Handle as Ethereum Hits Pivotal Level and Solana’s Rally Shows Exhaustion

• Bitcoin cup-and-handle forming near $114k — breakout could target $118k–$120k.

• Ethereum sits between $4,200–$4,500; a break below $4,200 may test the 100-day EMA near $4,000.

• Solana shows a lower high at ~$210–$225; losing $196 risks declines toward $176–$170.

Bitcoin cup-and-handle: BTC may complete a cup-and-handle near $114k; watch breakout above $114k for bullish confirmation. Read the market signals now.

What is Bitcoin’s key pattern and how likely is a breakout?

Bitcoin cup-and-handle appears on the daily chart and suggests a potential bullish reversal if BTC clears the $114,000 neckline. The handle’s completion with rising volume and a breach of the 50-day EMA would increase odds of a move into the $118,000–$120,000 range.

Traders should watch volume and the 50-day and 200-day EMAs for confirmation. A failure to hold $110,000–$108,000 support raises the risk of a deeper retracement toward $104,000 (200-day EMA).

BTC/USDT Chart by TradingView

How should traders monitor the breakout?

1) Watch a daily close above $114,000 with rising volume as primary confirmation.

2) Confirm momentum with RSI moving upward from neutral and price above the 50-day EMA.

3) Use $110,000 as stop-risk reference for short-term positions and $104,000 as structural support for longer-term plans.

How close is Ethereum to a pivotal level and what would a breakdown mean?

Ethereum pivotal level is the $4,200 support zone. ETH has shifted from a steady upward channel into sideways consolidation between $4,200 and $4,500, signaling waning momentum.

Both 20-day and 50-day EMAs previously supported ETH’s stairway gains. A sustained drop below $4,200 would likely test the 100-day EMA near $4,000 and could open the path to $3,600 if momentum worsens.

What signals could save the bullish case for ETH?

Renewed buying above $4,500 with expanding volume and a rising RSI would restore the bullish structure. Institutional flows or network developments cited by official Ethereum data could also shift sentiment positively.

Is the Solana rally ending and what are the key levels?

Solana rally shows a lower high around $210 after failing to surpass ~$225, which indicates weakening buying pressure. Declining volume and a flattening RSI reinforce the exhaustion thesis.

If SOL breaks short-term support at $196, expect moves toward $185 and the 100-day EMA near $176. A deeper break could test the 200-day EMA around $170 and undermine the long-term bullish case.

What would reverse the downtrend for SOL?

A decisive push above $210–$215 with strong volume is required for bulls to reclaim control. On-chain metrics and developer activity reports (referenced as plain text sources) would also be positive confirmations.

Frequently Asked Questions

What levels should BTC traders watch for confirmation?

Watch a daily close above $114,000 with expanding volume and RSI support; maintain $110,000 as a short-term risk level and $104,000 (200-day EMA) as the longer-term structural support.

How can ETH maintain its bullish structure?

ETH must hold $4,200 and push above $4,500 with higher volume to resume the previous bullish trend. Declining volume suggests sideways risk, so confirm with on-chain inflows and institutional activity.

Key Takeaways

• Bitcoin cup-and-handle forming: Breakout above $114k with increased volume targets $118k–$120k.
• Ethereum pivotal level: $4,200 is critical; a failure risks testing $4,000 and lower.
• Solana rally exhaustion: Lower high and falling volume; $196 and $176 are key supports to monitor.

Conclusion

This market update highlights three pivotal setups: the Bitcoin cup-and-handle, Ethereum’s pivotal level at $4,200, and signs of exhaustion in the Solana rally. Traders should front-load risk management around the identified support and resistance zones and watch volume and EMA behavior for confirmation. Stay prepared for either a bullish breakout or a decisive shift to bearish sentiment in the weeks ahead.