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COINTURK NEWS > Technical Analysis > Cryptocurrency Market Surges: Bitcoin Holds Steady as Ethereum Gains and Solana Awaits ETF Approval
Technical Analysis

Cryptocurrency Market Surges: Bitcoin Holds Steady as Ethereum Gains and Solana Awaits ETF Approval

In Brief

  • Bitcoin holds steady while Ethereum breaks critical levels, drawing increased investor interest.

  • Solana pushes through volatility, boosting expectations with potential ETF approval on the horizon.

  • AAVE remains a promising DeFi option, benefitting from Ethereum’s recent strength.

Ömer Ergin
Ömer Ergin 2 weeks ago
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Bitcoin (BTC) $102,003 remains steady near $109,000 after hanging around $110,000 throughout the day. In positive news, Donald Trump has announced the completion of a deal with China, providing a further boost. Additionally, encouraging consumer price index (CPI) data has come just in time supporting prospects for interest rate cuts. Producer price index (PPI) data is set to be released tomorrow, followed by the personal consumption expenditures (PCE) index, expected to stir the market by the end of the month.

Contents
Ethereum (ETH)Solana (SOL) and AAVE

Ethereum (ETH)

The price of Ethereum $2,253 has finally surpassed $2,800, reaching $2,832 at the time of writing. This is crucial for the ETHBTC pair, as investor risk appetite may increase with daily closures above this level. We will also monitor developments in the ETF sector; despite ongoing discussions with China, consistent net inflows persist. If this momentum picks up further, it could signal a thriving altcoin season.

Crypto analyst Lark Davis, in his recent commentary, highlighted that several indicators point to a continued upward trend for Ether.

“Ethereum currently offers a major trading opportunity. Trading volumes are increasing, and it displays unique strength against Bitcoin. Rumors of significant buying by whales have surfaced. Technical indicators resemble Bitcoin closely—RSI isn’t overbought yet, the MACD is experiencing a bull crossover, and the Stochastic Oscillator is rising, but hasn’t peaked. Everything looks great.”

Solana (SOL) and AAVE

We recently learned that the SEC requested S-1 form updates for SOL ETFs, which might indicate approval within 2-3 weeks. If Solana $134 were to become the third cryptocurrency to achieve spot ETF approval, it would be a strong motivating factor. Given its high risk-reward ratio, hedge funds may show significant interest, while such approval paves the way for future ETF endorsements.

SOL Coin’s price firmly holds above $158 for these reasons, as highlighted by DaanCrypto’s latest analysis.

“SOL rebounded off the weekly 200MA/EMA level in April. Since then, it experienced a robust rally but stalled recently due to unfavorable market conditions for meme coins. However, recent news about potential ETF approval has changed the landscape.

The important level above remains around ~$200, suggesting SOL could reach all-time highs again if surpassed. Until then, expect volatile price movements around this level, awaiting a definitive breakout.”

What are the prospects for AAVE? We anticipate strong interest in DeFi and Ethereum ecosystem tokens in the coming months, making AAVE a viable option. Indeed, the same analysis shared a bullish outlook for AAVE.

“AAVE fluctuated for two years, broke out last year, but returned to retest the highest range. From that point forward, it has maintained momentum, benefiting recently from Ethereum’s strength.

$450 is a crucial level for a major rally. Keeping this level on your chart could be wise, as a significant surge might commence at some point.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 11 June, 2025 - 10:16 pm 11 June, 2025 - 10:15 pm
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