Solana and Ethereum Face Selling Pressure: Bears Target $50 and $1,800 Levels

Solana (SOL) is facing increased selling pressure as exchange supply surges, signaling potential liquidation risks by holders. The asset is currently testing specific Fibonacci support levels as it struggles to maintain the $100 psychological mark, with bears eyeing a drop toward $50. Meanwhile, Ethereum (ETH) has entered a price consolidation phase, though it notably maintains its long-term uptrend despite the immediate volatility. Traders are closely monitoring critical support zones, as a failure to hold $2,000 could lead ETH toward the $1,800 level. Despite these technical headwinds, the Solana network shows fundamental resilience through rising stablecoin liquidity and the growth of Real World Assets (RWA). Furthermore, robust DeFi activity suggests sustained network utility that could drive a rebound if core support levels hold. Market participants are now weighing negative on-chain signals against strong operational growth to determine the next trend.