Ethereum and Solana Bearish Outlook: Short Entry Points & Targets

Ethereum and Solana have both entered a bearish trend after failing to break through key resistance levels on October 10th. ETH saw price action pull back below its previous high, while SOL also retreated following a failed breakout attempt around $211. The recent retracement is coinciding with notable Fibonacci levels. While ETH currently trades at $4,030, investors can consider a short entry near $4,095 for potential profit-taking (approximately the 0.5 level), while those interested in SOL can target shorts based on $201.15 (market price). Take-profit targets are set around $168.8, $157.8, and $145.75 respectively with corresponding stop-loss orders at $211.3 or $218.01.