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The Ethereum price has risen by over 16% in just a week, and it may hit an ATH before the year ends. This surge follows increasing investor demand for ETH, which has been visible in Ethereum’s open interest growth and ETF inflows. In the last few days, the Ethereum futures open interest has surged by nearly 20% from $13.05 to 416.18B, as Dan Tapiero, the 10T Holding founder, suggests that ETH could hit over $8K in 2025.
On the other hand, Solana continues to record bullish momentum to become the fourth-biggest crypto with a market cap of over 95.7B. Solana’s price has also hit the $200 psychological mark, recording a weekly surge of over 20%, as Inmortalcrypto analysis hints at a possible $500 target for the token’s current cycle. Will this Solana price uptrend hit the $250 soon?
Ethereum Price Anticipate A Monster Rally As It Nears the $3K Mark
Ethereum price performance is set for a monster rally that could see the ETH token trade above the $3k mark. The ETH price has already recorded a YTD of over 54%, with crypto trader Byzantine General anticipating an even higher gain from Bitcoin’s recent price performance.
Since August, the price of Ethereum has crossed over the $2,800 level, with crypto analyst Miles Deutscher highlighting that the ETH price is outperforming both Bitcoin and Solana price movements. Moreover, there are growing signs of more ETH token adoption, as the State of Michigan Retirement System added exposure to ETH exchange-traded funds holding over 460K shares of the Grayscale Ethereum Trust.
Ethereum has also shot above the convergence of the 50 and 100-day SMA, reclaiming the $2,817 key support level for the first time since August 5. If the price of ETH, trading around the $2,900 mark, manages a continuous break past $2,817 to cross the 200-day SMA, it could surge above the $3K psychological level, aiming to test the $3,266 resistance. The RSI and Awesome Oscillator are also neutral, suggesting a prevailing uptrend momentum.
Solana Price Hits the Over $200 Mark: Yearly High Just 4% Away
The Solana price has surged past the $200 mark, breaking from its long-term diagonal resistance level. This places it only below 4% of its yearly high, having broken out from a 231-day descending resistance trend line, which existed since the yearly high of $210 in March, having made two unsuccessful breakout attempts.
While the Solana price has not yet reached a weekly close above this resistance, its trendline is $176, meaning a significant dip will be required to invalidate the breakout. Moreover, the price of Solana also trades within the $205 horizontal resistance zone, which is the final resistance before a new ATH.
According to TraderKoz, Solana has one of the best-looking charts. Moreover, Technical indicators such as the RSI at 72 and the 200-day SMA also support a continued bullish trend that could see the SOL token target new highs above the $210 mark.
Lunex Network Surges to $0.0020 Hitting A New ATH
Like Ethereum (ETH) and Solana (SOL), which have continued to record significant price movements, Lunex Network has surged to $0.002, meaning that early investors are already enjoying over 66% ROI. Due to the project’s unique features and revenue share model, this impressive surge will continue over the coming months.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
*This article was paid for. Cryptonomist did not write the article or test the platform.
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