The crypto market mostly moved sideways in the final month of the year. Trading activity slowed in the second half of December, and prices began to trade in a tighter range. During this period, has found support near $86,000 but has struggled to break above $90,000.
Looking at , , and , which together make up about 20% of the crypto market, the broader correction that began after the highs in late 2025 still appears unfinished. Ethereum is trying to recover, but the move lacks strength, as it has yet to break above key resistance.
Solana is searching for a bottom after breaking its main uptrend, while BNB remains stuck in a sideways range. Overall, a clear direction is likely to emerge only when trading volume picks up and prices break out of their current ranges.
Ethereum Downtrend Continues
Ethereum is still trading inside a clear downward channel. This pattern shows steady selling pressure, with both highs and lows moving lower over time. Short rallies tend to stall near the top of the channel or around key moving averages. For the trend to truly change, Ethereum needs to break above the top of this channel and then start forming higher lows and higher highs.
On the daily chart, Fibonacci levels highlight the key near-term levels. Ethereum remains below the 0.50 Fibonacci level at around $3,080. Short-term moving averages clustered between $2,960 and $2,990 are flat and continue to act as resistance. Above that, the three-month EMA near $3,300 represents a stronger barrier.
As a result, the $3,080 to $3,300 range is critical for any early trend shift. Without consistent daily closes above $3,080, the current bounce is likely to stay corrective rather than turn into a sustained uptrend. If price can hold above $3,300, upside targets around $3,480 and $3,970 could come into focus next.
On the downside, $2,830 is the first support level to watch. If price falls below this area and the downtrend continues, the next key support sits near $2,680, which aligns with the 0.618 Fibonacci level. A break below that could open the door to a drop toward $2,400, followed by a possible move to the medium-term target around $2,115. That level also matches the lower edge of the falling channel.
Momentum indicators add a note of caution. The Stochastic RSI is trending higher, which suggests the short-term bounce is becoming stretched. This raises the risk of renewed selling, especially if Ethereum fails to break above the $3,080 resistance level.
SOL Under Continued Pressure
Solana’s chart shows that the sharp drop from its peak earlier in the year pushed prices down to lower support levels. Once the main uptrend broke, the market shifted into a pattern of lower highs and lower lows. Buyers have not been able to defend earlier support areas, and while Solana is now trying to find a bottom, short rallies have lacked strength and keep running into strong resistance.
Over the past two weeks, Solana has traded mostly between $120 and $130, with $125 acting as a key pivot where short term averages sit. A move above this level toward $130 could allow the price to retest resistance near $145. If that level breaks, upside targets around $155 and then $175 would come into view, which would improve the chances of a broader trend reversal.
On the downside, a drop below the current demand zone could restart the decline. Weekly closes below $120 would raise the risk of a fall toward the $100 psychological level. Moving averages are still pointing lower, and price remains below them, showing that buying pressure is weak. The Stochastic RSI has also moved into overbought territory, suggesting short-term buying may fade, and volatility could rise before any clear move above $130.
BNB Seeks Direction in a Critical Consolidation Band
For BNB, the drop from the peak near $1,300 has pushed the price into a sideways range between about $830 and $920. This suggests the market is starting to stabilize. Buyers are stepping in near $830, while sellers are becoming more active closer to $920. When price stays squeezed in a range like this, the next clear move usually comes after a strong breakout with higher trading volume.
Short-term moving averages for 8 and 21 days sit around $850 and are moving sideways. This points to low volatility and a buildup of pressure. If BNB holds above $850 and pushes higher, it could make another run at $920. A clear break above this level, which also lines up with the three-month EMA, could quickly lift the price toward $1,015. If momentum continues, the next upside targets would be around $1,130 and eventually a retest of the $1,315 high.
On the downside, $830 remains the key level to watch. Daily closes below this support would turn the current consolidation into a renewed downtrend. In that case, price could fall toward $700 first and then slide further toward the $500 area in a deeper pullback.
Momentum indicators add some caution. The Stochastic RSI is moving toward overbought territory, showing short-term buying interest. However, as long as BNB stays below the $920 resistance, the risk of a false upside move remains. A clear rise in volume above $922 would provide stronger confirmation of direction.
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Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk belong to the investor. We also do not provide any investment advisory services.
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