Ethereum (ETH) rose 8% in three days;
SOL rose as much as 20% in three days;
What exactly caused their rise;
As the sell-off news cooled, ETH's ETF approval was good; the price rose, bringing a positive reaction from the market;
The US institutional giant VanEck submitted a trust application for Solana, indicating that US Wall Street institutions began to establish a channel for traditional funds to buy $SOL
The price of the second largest asset in the market has now reached the threshold of $3,400. If the price reaches around $3,530 again, it is possible to accelerate the upward trend. However, it is important to be cautious about SOL because its market position has clearly declined and its future prospects are unclear. An immediate surge to the 100 EMA guarding the $150 threshold is a good sign, and breaking through this level will definitely make it rebound.
The cryptocurrency market is changing rapidly, and each trend may become the next outbreak point. If you have any questions about cryptocurrency investment, you can take a look at Diantouxiang to enter the team of experts; come and communicate with me. I will do my best to lead you through the ups and downs of the market and find your investment path.
