ETH could reach $10K if resistance breaks; SOL may extend toward $500-$1K post-ETF traction.
RSI readings stayed neutral, while Digital Asset Treasuries held 0.033% ETH and 0.027% SOL, reflecting steady institutional inflows.
Ethereum [ETH] and Solana [SOL] remain two of the most actively used altcoins in decentralized applications, despite Binance Coin’s [BNB] having a go in the last few months.
Their transaction speeds and scalability continue to drive institutional and retail demand. Projections for 2030 suggested both could more than double their valuations.
Ethereum’s monthly chart showed a multi-year consolidation zone between $1,228 and $4,878 since late 2021. At press time, ETH traded at $3,837.
The RSI was at 52.86 at press time, indicating a near-neutral momentum, whereas the Money Flow Index (MFI) at 47 showed balanced and not extreme capital flow.
If the consolidation bears up and overcomes the upper resistance, ETH would enter a new discovery stage.
Important to note is that the market structure resembled the growth patterns observed in previous cycles. In fact, breaking this range meant ETH would reach $10,000 or higher by the year 2030.
Still, the target looked too conservative, bearing in mind how ETH can perform during bull runs.
A long-term continuation toward $1,228, on the other hand, would nullify the long-term bullish structure.
Solana’s weekly chart showed a wide trading range between $12 and $260, active since mid-2021. SOL traded at $183.92, positioned in the upper half of this range.
The RSI at 48.92 indicated neutral sentiment, and the MFI at 68.16 reflected moderate inflows. A sustained breakout above $260 could confirm a structural shift.
In case such a breakout happened, an estimated projection implied a bullish forecast of a $300-$500 range by the year 2030.
Considering its surge in 2021, this forecast was also conservative. This indicated that levels above $1,000 would be a possibility.
On-chain data showed growing institutional exposure to both ETH and SOL.
According to analyst Kate The Alt, institutions have amassed more than 1.5 million ETH since January. On the other hand, Solana was following a similar trend, as demonstrated by Hong Kong’s approval of its first spot ETF.
Still, SOL had more ETF filings, about 23, than any other cryptocurrency since 2024, as per analyst Crypto Curb.
Data from Artemis confirmed steady increases in Digital Asset Treasuries (DATs). As of August, ETH’s share stood at 0.033% of total supply, while SOL reached 0.027%.
These figures reflected consistent institutional purchases, with Ethereum holding a slight lead.
Altogether, the two altcoins were destined for greater heights.
The conservative price targets were at $10K and $500 for Ethereum and Solana, respectively, as they were within reach.
However, Ethereum looked to outperform Solana by this time, bearing its wider application than that of its counterpart.
