As the crypto market braces for a pivotal week, several altcoins are positioned at critical technical and fundamental junctures.
Ethereum, Kaspa, and Solana each present compelling setups—whether due to upcoming events, key technical levels, or shifting sentiment.
With token unlocks, major conferences, and decisive price zones in play, these three assets stand out to watch closely in the days ahead.
Ethereum (ETH)
Ethereum remains a cornerstone of the crypto ecosystem, and its upcoming ETH Seoul event on April 14, 2025, is poised to generate considerable buzz.
This high-profile summit will bring together leading developers, industry experts, and influential stakeholders to discuss advancements like Layer-2 scaling and innovative decentralized finance applications.
Positive developments and new partnerships revealed at ETH Seoul can enhance the network’s utility and reinforce its market position.
With Ethereum’s robust community and ongoing upgrades, the event could spark renewed investor interest and drive a favorable price reaction, making ETH a coin worth monitoring closely next week.
Ethereum (ETH) trades within a clear descending channel, forming a potential bullish reversal zone around the $1,750 support range.
The five-wave corrective structure (a–b–c–d–e) suggests that wave Y may be completed, indicating exhaustion of the downtrend.
If ETH holds the green support zone, a breakout above the channel could target $2,125 and higher Fibonacci levels.
Want to add ETHEREUM ETH to your portfolio? Discover the leading platforms for buying and selling ETHEREUM ETH on our exchange review page.
However, a failure could push the price toward the 0.786 retracement at $1,586.
Kaspa (KAS)
Kaspa is set to experience notable market movement with its scheduled token unlock on April 7, 2025.
In this event, a substantial number of tokens will be released into circulation, which can lead to increased liquidity and potential short-term volatility.
Token unlocks often trigger a flurry of trading activity as holders reassess their positions, and the market may react with rapid price swings.
Investors should closely monitor trading volume and overall sentiment, as the unlock event could present risks and opportunities.
Monitoring technical indicators alongside market news is advisable during this period.
Kaspa (KAS) remains within a descending wedge, with the price recently rejecting at the 0.618 Fibonacci level ($0.082).
A lower low appears likely as the corrective wave structure (a–b–c) progresses, potentially targeting the 0.786 level near $0.048.
The RSI shows a mild bullish divergence, suggesting weakening bearish momentum.
If the $0.06 support holds and bullish divergence plays out, a reversal toward $0.095–$0.107 remains possible.
Solana (SOL)
Solana (SOL) recently experienced its largest single-day token unlock today, April 4, 2025, with over 1.3 million SOL tokens, valued at approximately $200 million, entering circulation.
This event has introduced significant selling pressure, as evidenced by substantial transfers of unlocked tokens to major exchanges, suggesting that holders may be preparing to sell.
In the wake of this unlock, Solana’s network activity has declined, with decentralized exchange volumes and total value locked experiencing significant drops.
These developments could influence investor sentiment and potentially impact SOL’s price in the week ahead.
Solana (SOL) is currently retesting the 0.618 Fibonacci retracement zone near $115, a key support level aligned with a green demand zone.
Price action shows indecision, with the potential for a breakout or breakdown as sellers and buyers battle at this level.
The RSI remains neutral, not signaling strong momentum in either direction.
A bounce from this zone could target $151, while a breakdown risk decline toward the 0.786 level near $70.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Was this Article helpful?
