Cryptocurrency markets thrive on excessive speculation, and when a public figure like Eric Trump—the third child of the pro-crypto United States President Donald Trump—reveals his portfolio, which includes Ethereum (ETH), Solana (SOL), and Sui (SUI), it’s bound to stir interest in those cryptocurrencies.
Eric Trump, the pro-crypto son of the incoming President of the United States, has revealed that SUI is one of the cryptocurrencies he holds. In a recent interview, Eric noted that he holds four cryptocurrencies in his portfolio, including Bitcoin, Ethereum, Solana, and SUI.… pic.twitter.com/EKkGgbx2FL
— ICO Drops (@ICODrops) January 15, 2025
Let’s examine these altcoins’ outlook for the coming days and weeks.
Ethereum has been trading simultaneously inside two patterns: a triangle defined by two converging trendlines and an ascending parallel channel.
Speaking of the triangle pattern, ETH/USD has recently pulled back after testing its upper trendline as resistance and is now eyeing a decline toward its lower trendline target at around $3,250. Any decisive close below $3,250 will likely lead the pair toward the redded area in the chart below, which has served as support in recent history.
Conversely, a rebound ahead or after testing the triangle’s lower trendline as support could push Ethereum’s price toward the upper trendline, likely coinciding with the 0.382 Fibonacci retracement line at around $3,370.
On the other hand, a breakout above the upper trendline will activate Ethereum’s ascending channel scenario, prompting traders to target the channel’s upper trendline, aligning with the $3,650-3,740 range. The $3,650 target coincides with the 0.618 Fib line, and the $3,740 target served as resistance during the early January rally.
Ethereum’s weekly chart shows a classic ascending triangle pattern, signaling a potential bullish continuation in the coming years.
The pattern features a horizontal resistance level near $4,000, which has consistently rejected the price since mid-2021, and a rising trendline that has supported higher lows since early 2022.
Historically, ascending triangles within uptrends indicate a consolidation phase before the resumption of bullish momentum.
The chart suggests Ethereum may temporarily pull back toward the lower trendline near $2,300, testing buyers’ resolve at key support levels. However, the overall structure favors an eventual breakout above $4,000.
That said, a decisive close above the $4,000 resistance with strong volume could trigger a breakout, with a projected target above $25,000 for 2025 or 2026, during which Trump can launch back-to-back pro-crypto policies.
The target is determined by adding the maximum distance between the triangle’s lower trendline and upper trendline and adding it to the breakout point at around $4,000.
Solana’s price action suggests further downside due to its descending triangle on the 4-hour chart.
As of Jan. 22, the cryptocurrency was retreating after testing the pattern’s upper trendline near $260 as resistance, eyeing a broader decline toward the lower trendline, located around $234.
Notably, this level aligns with the 50-4H exponential moving average (EMA), marked by the red wave, creating a critical support confluence.
A decisive break below this support zone could accelerate the selloff. The next key target is in the $210–$225 range, highlighted as a historic demand area. This zone has previously acted as a robust support level and could attract buyers if tested again.
On the upside, SOL must reclaim the descending triangle’s upper trendline to negate the bearish outlook.
Solana’s weekly chart highlights a cup-and-handle breakout, a classic bullish continuation pattern that signals a long-term upward trajectory.
The pattern formed over the last two years, with the cup representing a rounded bottom recovery from its 2022 lows and the handle reflecting a brief consolidation near the $200 neckline resistance level.
The breakout above the handle’s resistance in late 2024 has strengthened, with SOL retesting the $200 level as support and rebounding higher. Such bullish rejections underscore buyers’ confidence in maintaining control.
A cup-and-handle breakout’s upside target is calculated by measuring the depth of the cup and adding it to the breakout point. Applying this principle on the SOL/USD weekly chart brings its long-term upside target to around $4,500.
SOL’s sustained position above its 50-week EMA ($165) and 200-week EMA ($96), which act as dynamic support, supports this bullish outlook. The RSI remains neutral at 56, allowing additional upward movement without signaling overbought conditions.
SUI appears vulnerable to further downside as it struggles beneath the resistance of its descending channel pattern. The cryptocurrency has failed to sustain momentum above the $4.60 level, which aligns with the 50-4H EMA (red wave), suggesting weakening bullish attempts.
The immediate downside target is the ascending trendline support near $4.30. This level has historically acted as a local demand zone within the broader consolidation structure. However, a decisive breakdown below $4.30 could accelerate losses toward the lower trendline of the descending channel, currently near $4.10.
To reverse the bearish bias, SUI must reclaim and consolidate above the $4.75–$4.80 resistance area with strong volume.
Sui (SUI) is positioned for further gains, leveraging bullish technical setups on its weekly chart.
The cryptocurrency is trading within an ascending channel pattern, recently bouncing off its lower trendline near the 1.0 Fibonacci retracement level ($4.12). This rebound sets the stage for a move toward the channel’s upper trendline near the 1.618 Fib level at $6.44.
A larger inverse head-and-shoulder pattern, a reliable reversal structure, supports this bullish momentum. SUI has already broken above the neckline at nearly $4.12, confirming the pattern and entering its breakout stage.
The theoretical upside target for this breakout is calculated by measuring the distance from the head’s low ($1.30) to the neckline ($4.12). This suggests a long-term price objective above $10 in 2025.
Momentum indicators like RSI remain in a neutral-to-bullish zone, allowing SUI to extend its rally without immediate signs of overbought conditions.
However, traders should monitor the channel’s lower trendline for signs of invalidation. A decisive breakdown could shift the bias toward bearish retracement targets.
Yashu Gola is a journalist focusing on cryptocurrency markets since 2014. He writes for Cointelegraph and CoinChapter and has previously served as the chief editor for NewsBTC.