ETH, XRP, BTC, and SOL Show Signs of Market Caution Amid Key Resistance Zones

Ethereum (ETH) posted a Doji candle on Monday, reflecting market indecision after surging from $2,100 to $3,800 in just four weeks. This neutral pattern now places the $3,859 high as a key resistance for bulls. Notably, ETH has struggled within the $3,800–$4,100 range multiple times over the past year. A breakdown from a head-and-shoulders pattern on the 15-minute chart suggests a possible pullback to $3,550. Momentum has also turned bearish on the hourly chart, with prices dipping below the Ichimoku cloud. Key resistance levels sit at $4,000, $4,109, and $4,382, while support lies at $3,480, $3,081, and $2,879.

XRP is showing a double top formation on the hourly chart, with resistance near $3.60–$3.65 and support around $3.35. A drop below $3.35 could open the door to a deeper correction toward $3.00. The Guppy multiple moving average (GMMA) has turned bearish, reinforcing the cautionary stance. However, a break above $3.65 may resume its 54% rally. Key support levels include $3.00 and $2.65.

Bitcoin (BTC) remains in a descending triangle, with resistance forming along a downtrend since July 14 and support at $116,000. A breakout above the triangle could lead to new highs above $123,000, while a breakdown risks a decline to $111,965. Resistance is at $120,000 and $123,181.

Solana (SOL) dropped from $204 to $194, forming a bearish long upper wick. Hourly MACD signals further downside, with potential support near $185. Still, SOL remains in an uptrend on the daily chart, supported by the Ichimoku cloud and an ascending channel. Resistance lies at $204, $218, and the $252–$264 zone.