According to a recent Coinbase report, in Q3 2025, technical factors such as corporate treasury flows and ETF integration will influence the prices of ETH and SOL.
Impact of ETFs and Corporate Treasuries
In July 2025, ETH ETFs attracted over $2.27 billion in net inflows, with daily inflows peaking at $726 million.
Solana is also gaining attention as it is set to launch an ETF, although not yet SEC-approved, with early allocations of $73 million from U.S. institutions.
According to Coinbase data, as of July 18, 14 institutional entities acquired over 825,000 ETH worth approximately $3 billion and 2.95 million SOL worth about $531 million.
Technicals Take Center Stage
While Ethereum’s tokenomics and real-world asset integrations are important, they have not noticeably influenced price dynamics yet. Instead, technical flows are proving to be the primary driving force.
In May, Ethereum experienced one of its largest short squeezes in over a year, with $897 million in ETH shorts liquidated. This market unwinding triggered a rapid price rally, highlighting the impact of market structure on performance.
New Narratives and Shared Tailwinds
Ethereum continues to solidify its role as an infrastructure layer for tokenized assets and stablecoins. Solana, on the other hand, is showcasing a significant throughput, with over 44% of meaningful blockchain activity recorded.
Institutional eyes are now focused on Solana’s upcoming Alpenglow upgrade aimed at speeding up transaction finality and cutting validator costs.
Technical factors such as ETF inflows and long-term corporate treasury strategies are driving ETH and SOL price dynamics, aligning them with broader market trends.
