Crypto Price Analysis July 25: Bitcoin, ETH, SOL

Bitcoin (BTC) Price Analysis

Bitcoin’s struggle to stay above the $120,000 psychological region is forcing short-term traders to take profit, as price retraced under $115,000 on Friday, July 25 only to bounce back to $117,000 as of writing. The Bitcoin (BTC) price chart on TradingView shows a significant uptrend in Bitcoin's price on the daily timeframe since early July, breaking out of a descending channel/flag pattern that had been forming since late May/early June. 

The price has moved well above the 200-day Simple Moving Average (SMA) at 98,438 and the 200-day Exponential Moving Average (EMA) at 99,292, which are now acting as strong support levels. Since Bitcoin’s new all-time high peak of $123,218 on July 14, the price action has formed a bullish flag pattern following a significant impulse move from the $110,000 region. This structure suggests market indecision, but also sets the stage for a potential continuation move.

Bullish Scenario

The classic bull flag suggests a continuation pattern in an uptrend. A confirmed breakout above the current small descending channel, which is the flag’s upper boundary ($118,000 - $120,000 range) could trigger renewed bullish momentum, potentially targeting new all-time highs. 

Price has held well above the $110,000-$112,000 range, previously a strong resistance zone. This area now serves as solid support and reflects positive market structure. If any pullback is resisted at those regions by buyers, that would confirm the breakout and provide a strong foundation for further upward movement. 

Continued trading above the key moving averages (200 SMA and EMA) indicates strong underlying bullish momentum. As long as these levels hold, the bullish outlook remains intact. A flag breakout could push BTC toward $125,000–$128,000, aligning with the flagpole’s measured move.

Bearish Scenario

Failure to break the flag’s upper boundary and a loss of the $115,000 level could signal weakening bullish pressure. A breakdown below $112,000 would invalidate the bullish pattern. The $110,000 is a psychological level and the previous breakout point; a significant breakdown below this level could signal a reversal of the recent uptrend, potentially leading to a retest of the major moving averages around $98,000 - $99,000.

Traders should also look out for lack of significant volume accompanying any upward moves within the current consolidation or a breakout attempt as this could indicate a lack of conviction from buyers, increasing the likelihood of a bearish reversal. 

Ethereum (ETH) Price Analysis

Ethereum has significantly outperformed Bitcoin in July, after breaking out of what looks like a reverse Head and Shoulders (H&S) pattern that has been forming since early February. The Ethereum (ETH) price has gained over 50% in the last 30 days retesting a local high of $3860, per Coingecko. The breakout above key resistance zones is supported by favorable moving average positioning, notably the 200-day Moving Average (MA) and Exponential Moving Averages (EMAs). 

As of writing, the ETH price is consolidating after a strong rally, trading around the $3,700 mark, near recent highs. The 20-day EMA (currently around $3,362) is sharply rising, indicating strong short-term momentum. Notably, price is currently trading well above the 50-day EMA ($2,626) and 200-day SMA ($2,482), affirming a medium-to-long-term bullish bias.

Bullish Scenario

A decisive break and sustained trading above the recent highs (around $3,860) could lead to new price discovery and potentially target the $4,000 psychological level and beyond. Traders will be closely looking at the $3,545 (a recent support turned from resistance); a continuation of the uptrend is likely if ETH manages to hold its structure. Below this area would be the crucial 20-day EMA (around $3,362), combined with a healthy trading volume. 

For now,  the rising EMAs and expanding candle bodies indicate buyers are in control.

Bearish Scenario

Despite the strong uptrend, caution is warranted as Ethereum faces overhead resistance near $3,800. A rejection from this level or a break below key supports could trigger a pullback. As previously hinted, immediate support lies at $3,545. A breakdown below this could open up $3,362 and $3,351 as potential pullback zones. 

A breakdown below the 20-day EMA ($3,362) or, more critically, the 200-day MA ($2,482) could indicate a shift in market sentiment and potentially trigger a deeper correction. Traders should look out for a daily close below $3,351 as this could shift short-term sentiment bearish. 

Momentum is critical, hence, failure to push higher after the recent consolidation, coupled with decreasing trading volume, could suggest a loss of bullish conviction and pave the way for a retracement. 

Solana (SOL) Price Analysis

Throughout July, SOL/USDT demonstrated a strong recovery from the lows experienced in late June. The price steadily climbed from sub-$150 levels, breaking above several resistance zones to retest the $205 key level — an area of historical supply dating back to February 2025.

However, the Solana (SOL) price has pulled back, currently trading at $188.17. Notably, the price has also crossed above key moving averages, including the 200-day Moving Average (MA) at $162.88 and the Exponential Moving Averages (EMA) of 20, 50, 100, and 200, with the 20-day EMA at $176.12 and 200-day EMA at $161.78.

Bullish Scenario

If SOL holds above the 20-day EMA (~$176) and consolidates around current levels, a breakout above the $205 resistance zone could trigger further upside. A confirmed daily close above $205 could open up targets at $225, which is the March 2024 swing high, and possibly the $250 psychological resistance and pre-capitulation level from early 2025.

The price trading above the major moving averages also suggests underlying bullish momentum and potential for further upward movement.

Bearish Scenario

Failure to break and hold above the $205 zone, coupled with a breakdown below the 20-day EMA ($176) and the 200-day SMA ($162) support, could signal a bearish reversal. This could open up retracement levels at $150–$155 (mid-June consolidation range), or even the $120 strong historical demand zone. 

Traders should keep an eye out for weak momentum or volume, as well as rejection from resistance with increasing supply.