Cryptocurrency Analysis: Ethereum price stabilizes at $1,800 while SOL fluctuates at $36

Ethereum and other cryptocurrencies will close out October with significant increases. These positive changes have also had a positive impact on the global cryptocurrency market. There is no doubt that the industry has registered significant changes. The sector under consideration opened the month at $1.08 trillion but declined as trading continued. It quickly fell to a low of $1.04 trillion, but rebounded and started an upward trend. It quickly reached a high of $1.28 trillion and is currently around that valuation. The difference between the opening price and the current value indicates an increase of more than 15%. RUNE is one of the biggest gainers during this period. It started trading at $1.92 but fell to a low of $1.47 before bouncing back. He quickly made an attempt at the $3 resistance level but faced a strong rejection at $2.95. This was also the highest level the currency had ever reached. The latest price indicates that the altcoin is up more than 52%. While some of these assets are making huge gains, others are also recording losses. One of these is the maker. It opened the month at $1,534 but quickly rose to a high of $1,648. tbis trading at $1,358 is an indication that the altcoin could close with losses of up to 11%. Assets such as Ethereum also recorded significant volatility during this period. Ethereum holds at $1,800 Ethereum is currently experiencing a huge back and forth movement of around $1,800. Over the past 24 hours, the currency has tried to return to its highest level a few hours ago. As a result, it peaked at $1,849, but quickly fell to a low of $1,782. The coin started in October at $1,671 and recorded significant increases on the first day. It peaked at $1,755 and closed the day with a gain of nearly 4%. However, he quickly lost all gains during the next 24 hours. As the month progressed, it quickly fell to a new low. On the 12th, it tried to test the $1,500 support level but failed as it rebounded at $1,520. As a result, no significant changes were recorded. Another notable event occurred on Monday of last week when Ethereum made its biggest rally and achieved a significant milestone. For the first time in nearly fourteen days, it retested the $1,800 resistance but failed to break it. However, it ended the day with gains of more than 6%. After a bullish performance that saw the altcoin rise more than 8% on the monthly scale, many are looking forward to further increases. It is worth noting that the indicators are still positive at the present time, with the exception of the Relative Strength Index. Solana flips $38 Solana is close to wrapping up the second most profitable month of 2023. It started trading at $21.3 but got a big boost as trading conditions improved. There is no doubt that it has broken many resistances over the past 30 days. One of these critical levels is the $35 barrier. For the better part of October, SOL tried to break but failed until the previous intraday session. It peaked at $35.3 before a small correction occurred. A few hours ago, the bulls rushed further as the altcoin broke the $38 level. It is currently trading just below this high, meaning Solana is trading more than 70% higher than its opening price. It is worth noting that the Relative Strength Index is slowly approaching its eleventh day above the 70 level. This could be an indication of an upcoming massive downtrend.