Top Crypto Picks for Today, May 4 – Ethereum, Bitcoin, Solana

Highlights:

• ETH is testing resistance near $2,375 and is struggling to break higher.
• BTC has reclaimed key support near $80,000 and is holding strong as buyers push for more upside.
• SOL is holding its range and is moving sideways while traders wait for a clear breakout direction.

The crypto market is up today, with BTC breaking out of the key $80,000 decisive price. The breakout was the first attempt to rally past that mark in months. In addition, the return of inflows into BTC ETFs has sparked the market rally today.

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The overall market cap is up 1.63% to $2.65 trillion, while the trading volume is up 80.68% to $139.75 billion. The fear and greed index stands in the neutral zone at an index of 46. The total liquidations in the past day totaled $435.98 million, with $306.44 million in short positions squeezed out of the market, according to Coinglass data. With the market showing signs of a rally this month, here are the top cryptocurrency picks to invest in today.

Top Cryptocurrency Picks to Invest in Today

1. Ethereum (ETH)

ETH is trading at $2,339, representing a 1.15% increase over the past 24 hours. The market cap stands at $282.37 billion, while the trading volume has increased by 167.71% to $19.72 billion.

Ethereum is trading inside a descending channel on the 4-hour chart and has reached the upper boundary near $2,375. This level has acted as a resistance during previous tests. ETH has approached the $2,375 level several times but has struggled to break above it. Each attempt has slowed near this zone and pulled back into the channel.

Ethereum $ETH has reached the top of its channel at $2,375.

This is a major area of resistance to watch; in previous instances, this level has triggered a rejection, sending ETH back to find support at the bottom of the channel.

Failure to clear this barrier could trigger a… pic.twitter.com/uTXDCnrv25

— Ali Charts (@alicharts) May 4, 2026

The coin has been trading with consistently lower highs and lower lows, keeping the broader trend under pressure. The support now sits near the lower boundary around $2,210. A rejection from $2,375 could push the price back toward that support. However, a strong close above $2,375 could drive a move toward $2,550.

2. Bitcoin (BTC)

The largest cryptocurrency by market cap is trading at $78,920, gaining 0.61% on the daily chart and 1.32% on the weekly chart. Meanwhile, the trading volume is up 155.21% to $40.7 billion, while the market cap stands at $1.58 trillion.

Bitcoin is trading above a key level after reclaiming a previous resistance zone. The market has shifted structure following a strong move back above the $75,000 to $80,000 region. BTC has returned to this zone after the breakout and has held it during a recent pullback. The reaction confirms this area as the new support level.

While everyone's focused on Hormuz.$BTC has officially flipped its previous strong resistance into support, reflected by the recent minor pullback that brought Bitcoin back to $80,000.

Bear market or not, one thing is for sure: this level is the new key support. pic.twitter.com/fqgFAfhrXR

— BATMAN ⚡ (@CryptosBatman) May 4, 2026

Before the breakout, this zone rejected the price multiple times and pushed it lower. Now, the same level is preventing further downside and stabilizing the price. Meanwhile, momentum is building above the support as the price moves higher. A hold above this zone could drive an upward momentum. However, losing this level could weaken the structure.

3. Solana (SOL)

SOL is currently trading at around $84.01, with a 0.26% increase in the past day. In addition, its trading volume is up 84.5% to $4.49 billion, while the market cap stands at $48.42 billion. SOL is up 4.72% in the past month but has lost 1.38% in the past week.

Solana is holding steady after a sharp decline, with the price moving sideways near the lower range. The market has shifted into a tight consolidation between $78.16 and $94.21.

SOL has approached the $94.21 level several times but has failed to break above it. Each attempt has slowed near resistance and returned to the range. On the downside, the price has tested $8.16 and reacted upward after each touch. The $147.28 level remains the next major resistance if a breakout occurs.

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