Ethereum (ETH) is targeting a price of $7,900, while Solana (SOL) is gaining momentum with a potential rise to $400, driven by strong on-chain activity. Key factors include institutional flows, stablecoin issuance, and increased social sentiment. On-chain data indicates $2.85 billion in decentralized exchange (DEX) volume and $1.2 billion in stablecoin inflows into Solana liquidity pools.
For Ethereum to reach its target, it must surpass the $5,000 resistance level. Meanwhile, Solana needs to maintain its position above $300 to continue its upward trajectory. The rally is further supported by heightened social engagement and NFT activity.
Ethereum Targets $7,900 as Solana Sees Stablecoin Inflows
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