The launch of the Ethereum ETF is a major positive event for the entire altcoin market. Obtaining certification will pave the way for similar altcoins in the coming years.
Against this backdrop, Solana (SOL), as one of the most watched altcoins, has also attracted much attention for its price prospects. According to reports, VanEck has submitted an application to the SEC to provide a seat for the Solana ETF. This news further boosted Solana's confidence.
In the past two weeks, the price of SOL has risen by more than 23%, hovering around $174 in early trading on Tuesday. From a technical point of view, the price of SOL has broken through the slight downward trend, showing strong upward momentum.
Looking ahead, with the launch of the Ethereum ETF and further attention from institutions to the cryptocurrency market, altcoins such as Solana are expected to usher in more opportunities. Market dynamics should be closely followed and opportunities should be seized.
