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                            <p><span style="font-weight: 400;">Ethereum recently climbed to $1,687, which was exciting, but it's since come back down to around $1,575.  Looks like some traders are locking in their gains.  Plus, there's still a bit of a cautious mood in the market. Despite this, some crypto experts are optimistic about ETH bouncing back soon, pointing to positive technical signs and underlying factors.</span></p>
<p><span style="font-weight: 400;">In this article, we'll dive into whether Ethereum can make a comeback to $3,000 before Solana (SOL) potentially takes off to $200. Let's get into it!</span></p>
<h2><strong>Will Ethereum Price Surge to $3,000?</strong></h2>
<p><span style="font-weight: 400;">There's a school of thought among crypto analysts that ETH is now looking like a good deal.  They're predicting it could climb towards $3,000 and even higher in the weeks ahead.  A key reason for this optimism is that, even with recent dips, some of Ethereum's core fundamentals are still looking pretty strong.</span></p>
<p><span style="font-weight: 400;">Take decentralized exchanges (DEXs) for instance.  </span><a href="https://defillama.com/dexs/chains"><span style="font-weight: 400;">Data from DeFi Llama</span></a><span style="font-weight: 400;"> shows that Ethereum-based DEXs have processed around $15 billion in trades in the last week alone, and a massive $57 billion over the past month!  It's still clearly the go-to blockchain for DEX trading.</span></p>
<p><span style="font-weight: 400;">Looking at the charts, there are also hints that ETH might be forming a "falling wedge" pattern on the daily timeframe.  This is often seen as a bullish signal.  Essentially, it's when price movements create two downward-sloping lines that are getting closer together.  When these lines converge, it can often lead to a breakout upwards.</span></p>
<p><span style="font-weight: 400;">This falling wedge pattern for Ethereum is about 30% at its widest point.  If you project that same 30% upwards from a potential breakout point, it gives us an initial </span><span style="font-weight: 400;">price target for ETH</span> <span style="font-weight: 400;">around $2,092.  Interestingly, this level lines up with a previous high from March 25th. It also acted as a low point in August and September of last year, and again around February 3rd.</span></p>
<p><span style="font-weight: 400;">So, predicting exactly when Ethereum might hit $3,000 is still tricky.  To reach that level, it would need to jump almost 80% from where it is now. That’s a significant climb!</span></p>
<figure id="attachment_248826" aria-describedby="caption-attachment-248826" style="width: 3574px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-248826" alt="Ethereum Price" width="3574" height="1986"  data-lazy- src="https://coingape.com/wp-content/uploads/2025/04/Ethereum-Price-4.png"/><img decoding="async" class="size-full wp-image-248826" src="https://coingape.com/wp-content/uploads/2025/04/Ethereum-Price-4.png" alt="Ethereum Price" width="3574" height="1986"  /><figcaption id="caption-attachment-248826" class="wp-caption-text">Ethereum Price</figcaption></figure>
<h2><strong>Will Solana Price Surge to $200?</strong></h2>
<p><span style="font-weight: 400;">Solana's price has shown some resilience, bouncing back from a low of $95 earlier in the year to its current level around $125.  To hit the $200 mark, it now needs to increase by roughly 60%.</span></p>
<p><span style="font-weight: 400;">Some analysts are optimistic that SOL could reach $200, especially if meme coins within the Solana ecosystem continue their rise.  One analyst who's bullish on SOL was quoted in this </span><span style="font-weight: 400;">CoinGape article</span><span style="font-weight: 400;">, highlighting the possibility of a SOL ETF approval as a potential trigger for further growth.</span></p>
<p><span style="font-weight: 400;">Looking at the daily chart, Solana's price has managed to break above a key resistance level at $120.  It struggled to stay above this level multiple times last year.  The analyst mentioned earlier suggests that a solid break above this resistance could pave the way for further gains towards $200.</span></p>
<p><span style="font-weight: 400;">However, the chart doesn't currently paint a clear picture of a 60% surge to $200 being imminent.  Also, it's still trading below the 50-day moving average.  The chances of a rally to $200 would look much stronger if SOL can climb above both the 50-day and 100-day moving averages, as well as the psychological level of $150.</span></p>
<figure id="attachment_248825" aria-describedby="caption-attachment-248825" style="width: 3574px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-248825" alt="Solana Price Chart" width="3574" height="1986"  data-lazy- src="https://coingape.com/wp-content/uploads/2025/04/Solana-Price-3.png"/><img decoding="async" class="size-full wp-image-248825" src="https://coingape.com/wp-content/uploads/2025/04/Solana-Price-3.png" alt="Solana Price Chart" width="3574" height="1986"  /><figcaption id="caption-attachment-248825" class="wp-caption-text">Solana Price Chart</figcaption></figure>
<h2><span style="font-weight: 400;">Will ETH Price Hit $3,000 Before SOL Hits $200?</span></h2>
<p><span style="font-weight: 400;">So, based on our analysis, it's still uncertain whether Ethereum will make a quick jump to $3,000.  Similarly, Solana reaching $200 is also not a guaranteed move.  To really confirm if they're heading towards these targets, we need to see them convincingly break through key resistance levels.  For SOL, that's above $200, and for Ethereum, it's overcoming the $2,500 resistance point.</span></p>

                                            <section class="accordion-content mt-4" id="faq">
                    <h2 class="mb-4 h3 fw7">Frequently Asked Questions (FAQs)</h2>

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                            <p>
                                ETH is still facing headwinds, and while the falling wedge pattern is interesting, it's not a sure thing that it will propel it to $3,000 anytime soon.</p>
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                            <p>
                                Solana has bounced back from its yearly low, which is positive. However, it's still quite a bit below important resistance levels, meaning a surge to $200 is not a done deal.</p>
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                            <p>
                                Whether these two popular altcoins will rally back to their respective target levels this year remains to be seen – it's still an open question!</p>
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                                         <p>crispus  </p>
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Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience under his belt.  He really focuses on Bitcoin and other altcoins, looking at how news and analysis come together in the crypto world.  His expert insights have been featured on well-known platforms like BanklessTimes, CoinJournal, HypeIndex,  SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.

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            <p>Disclaimer: Please remember that this content might reflect the author's personal views and is always subject to market changes.  Make sure to do your own thorough research before investing in cryptocurrencies.  Neither the author nor the publication is responsible for any financial losses you might experience.

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Source: coingape.com