The Trust Layer for Market Analysts

The analysis focuses on Ethereum (ETH) and Solana (SOL) using Elliott Wave theory on a 4-hour timeframe. For ETH, the current price is around $2050, with a bearish outlook anticipating a move towards the target of $1650. The fail bound for this bearish analysis is set at $2200, meaning a break above this level would invalidate the bearish trend. The structure suggests that ETH is completing a wave 4 correction and is expected to move lower in wave 5. For SOL, the current price is around $83, with a bearish projection aiming for a target of $57. The invalidation level for SOL's bearish outlook is at $95. Both cryptocurrencies are showing signs of a potential bearish continuation after completing corrective waves, indicating a downtrend is likely to persist.