The cryptocurrency market continues to exhibit bearish sentiments impacting Ethereum's price, while Solana shows positive changes due to updates.
Ethereum's Market Condition
Ethereum, the second-largest cryptocurrency by market capitalization, is currently trading around $4,289, holding below the $4,530–$4,550 resistance level. Analysts note that this resistance remains a key barrier for the token. If Ethereum fails to break through this level, further declines to $4,200 and below may occur.
Solana's Alpenglow Upgrade
Solana (SOL) has benefited from the historic Alpenglow upgrade, approved by 98% of validators, significantly speeding up transactions to just 150 milliseconds. This upgrade is considered a key factor for further development in DeFi and gaming. This month, SOL gained 41%, trading within the range of $196-$207, and analysts expect possible growth toward $230–$252.
Overall Outlook for Altcoins in 2025
Ethereum's price forecasts continue to support investor confidence, especially if the token surpasses the $4,550 resistance, which may lead to an increase toward $5,000. Meanwhile, Solana gains additional momentum from upgrades, and there is ongoing interest in MAGACOIN FINANCE as a potential breakout candidate in the upcoming bullish market.
The cryptocurrency market finds itself in a state of uncertainty, where Ethereum faces pressures, while Solana demonstrates steady growth due to strategic updates. Investors continue to track developments in altcoins and the opportunities they may present in 2025.
