Technology
Solana’s Downfall Could Fuel Ethereum Price Rally to $3,500 – Crypto News
Ethereum (ETH) price may soon surge to $3,500, in a rally driven by Solana’s underperformance. One crypto analyst observed that capital is flowing back to Ethereum amid a surge in net flows and stablecoin supply. Another noted that Ethereum price is about to make a bullish breakout from consolidation. As the market sentiment flips bullish and Solana underperforms, is the $3,500 price in sight? ETH value today trades at $2,675 with a 1.4% decline in 24 hours. Trading volumes stood at $18 billion, down 14% in 24 hours. 2 Bullish Signals Support Ethereum Price Rally to $3,500 Analysts on X forecast that despite Ethereum price being stuck within a consolidation range between $2,400 and $2,700 in the last seven days, bullish signs are aligning that may ignite the next bullish leg to $3,500. These signals include: Surging netflows from Solana to Ethereum Incoming triangle breakout Surging Netflows from Solana to… Read More at Coingape.com
The post Solana’s Downfall Could Fuel Ethereum Price Rally to $3,500 appeared first on CoinGape.
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