Ethereum and Solana are once again at the forefront of the altcoin market, which is demonstrating signs of revival. The comparison of these two cryptocurrencies has become relevant in light of their growth and changing trader sentiments.
Ethereum's State in Q3
Ethereum (ETH) is currently priced at $3,801, up 1.48% in the past 24 hours and 5.42% over the last week. The token’s momentum is driven by surging institutional interest, with over $5.4 billion in ETF inflows recorded this month. On-chain data shows aggressive whale accumulation, with large holders acquiring over $4 billion in ETH.
The rally has been steady, supported by solid fundamentals and a favorable technical setup. RSI indicators remain balanced, indicating room for growth without signaling overbought conditions.
Solana Faces Pullback After Strong Rally
Solana (SOL), currently trading at $179.42, is down nearly 6% on the week, although its long-term chart remains bullish. The RSI reading is slipping below 37, often a sign of oversold conditions, but no strong rebound has formed yet.
SOL previously surged above $200 but has since retreated as traders rotated profits elsewhere. Despite this decline, Solana maintains a sizable market cap of $96.5 billion.
Conclusion on Current Market Prospects
In summary, Ethereum appears to be regaining its leadership role due to strong ETF inflows and increasing institutional demand. Solana, while still significant, is showing signs of cooling in the short term.
Within the current altcoin market, Ethereum is showing greater stability than Solana, while interest in other projects is also growing.
