The Ethereum (ETH) price is turning bullish as capital appears to be flowing out of Solana and into Ethereum. Stablecoin inflows and rising TVL are supporting Ethereum's momentum. Data shows that stablecoin holdings on Ethereum have increased by $1.1 billion in the past week, while $772 million in stablecoins have exited Solana. This shift in capital may be due to controversy surrounding Solana meme coins and concerns about the sustainability of the ecosystem. Ethereum's TVL has been increasing while Solana's has been declining, indicating a preference for Ethereum over Solana. The Ethereum price chart shows potential for a golden cross, which could push ETH towards $3,020. If this trend continues, ETH could see a 22% rally, but a failed breakout could lead to another retest of key support levels.
Content Editor ( beincrypto.com )
- 2025-02-17
Ethereum Price Turns Bullish Amid Solana Meme Coin Controversy
