Cryptocurrency Market Update: Ethereum Bounces Back, Solana Holds Steady, Litecoin Holds Position
Cryptocurrency Market Update: July 28, 2025
Ethereum (ETH) is currently in a bullish phase, having broken out from around $2,800 earlier in July, and consolidating near $3,900. The digital asset is targeting the 2024 swing high resistance zone near $4,089. This multi-year resistance area has historically triggered profit-taking and now represents the major barrier for further upside.
Ethereum has cleared significant supply zones up to this level, with price action in an ascending channel and strong derivative metrics underpinning the bullish outlook. Key support is near $3,600, while immediate resistance clusters are around $3,880 to $4,090. If Ethereum sustains above $3,800–$3,900, a run towards $4,000 and beyond is expected; a break below $3,600 could lead to a near-term correction towards $3,200–$3,500.
Solana (SOL) and Litecoin (LTC) are currently displaying varying stages of performance. While Ethereum is showing early strength, Solana is under pressure, and Litecoin remains uncertain.
Solana's 1-hour chart shows a clear downtrend, with lower highs forming over time. The cryptocurrency is currently trading near $190, but without a breakout above this level backed by stronger volume, it may remain on a sideways or downward path.
In the case of Litecoin, the digital asset is currently trading in a narrow price range between $112 and $114. The level of $112 has worked as a short-term support for Litecoin, but sellers have shown resistance at the level of $114. Failure to hold the $112 support may sink Litecoin to a possible retest to the level of $110 or lower.
Traders are observing the $114 resistance for a possible change in the direction to bullish. An upward breakout beyond the $114 zone, coupled with a rise in volume, might propel Litecoin to break the barrier of $116 and more.
In conclusion, the cryptocurrency market is currently displaying varying stages of performance, with Ethereum showing early strength, Solana under pressure, and Litecoin uncertain. Traders will have to closely watch volume and price action for the three tokens as they can serve as leading indicators of the broader crypto market mood.
- Altcoins like Solana (SOL) and Litecoin (LTC) are displaying different performance levels compared to cryptocurrency leader Ethereum (ETH).
- In contrast to Ethereum, which is targeting $4,000, Solana is experiencing a downtrend and faces resistance near its current trading price of $190.
- Meanwhile, Litecoin is trading within a narrow range between $112 and $114, with buyers showing resistance and sellers at the $114 level, and a potential support loss at $112 may lead to further price drops.
