Cryptocurrency is once again capturing investors' attention, especially Ethereum and Solana, which are showing significant increases. Let's examine the reasons behind this trend.
Ethereum's Rise: Reasons and Outlook
Ethereum recently surpassed the significant psychological mark of $3,000, marking an important event for many traders. According to analyst Evan Aldo, this increase is due to several factors. Expectations of U.S. interest rate cuts and cooling inflation have enhanced interest in risk-related assets, including cryptocurrencies. Furthermore, rare bullish patterns on Ethereum's monthly chart inspire hope for the long-term sustainability of this breakout.
Solana's Market Success
Solana is also in the limelight: in the last quarter, its blockchain revenues surpassed those of Ethereum and Tron. Analysts predict that the price of SOL could reach $188 in the coming weeks, and with the current momentum, it might reach $250-260 by mid-August. If market conditions remain favorable, Solana's price could rise to around $400 by the end of the year.
Avalanche Analysis and Investment Recommendations
Avalanche (AVAX) is lagging behind a bit, but it shows early signs of recovery. New developments, including the launch of BlackHole DEX, have boosted user engagement. If AVAX can maintain key support levels, it may aim for $32 in the short term, with a potential price range of $60 to $100 by the end of the year. As for investment recommendations, experts suggest allocating 70% of funds to Ethereum, with 15% each in Solana and Avalanche.
The crypto market is demonstrating positive changes, with Ethereum and Solana leading the way. Investors continue to monitor developments and analyze trends.
