Ethereum Shows Resilience as SOL Sees Weekly Bleeds
The post Ethereum Shows Resilience as SOL Sees Weekly Bleeds appeared on BitcoinEthereumNews.com.
Ethereum barely dipped on the weekly chart, while Solana, Dogecoin, SUI, and other major coins bled. Ethereum gets a fresh boost, and institutional adoption has continued to soar, shaping sentiment. Ethereum (ETH), the leading market altcoin, continues to show resilience and has become an outlier in the current market cycle. While other top cryptocurrencies like Solana (SOL), Sui (SUI) and Dogecoin (DOGE) are bleeding profusely with double digits on the weekly chart at the time of writing, the price of ETH is up substantially. Comparing Ethereum to SOL and DOGE According to data from CoinMarketCap, ETH is currently priced at $2,637, after increasing by 1.43% over the previous day. On the other hand, SOL saw a 1.2% price drop, while DOGE inked a 1.3% increase within the same period. Although the daily increase is somewhat uniform, the weekly chart shows that ETH is overcoming its consolidation phase and leading the top crypto giants in the market. According to CoinMarketCap data, the price of ETH rose slightly by 0.27% on the weekly chart. Ethereum Price Chart | Source: CoinMarketCap On the contrary, SOL saw its price drop 9.8%, and DOGE plummeted over 12% within the same time frame. The price of other top altcoins, including XRP and BNB, also dropped 2.2% and 1.6%, respectively. Solana Weekly Price Chart | Source: CoinMarketCap Solana’s weekly price decline follows its weakening traction among developers and traders. As noted in our earlier post, analysts and institutional leaders have spoken out against Solana’s heavy reliance on memecoins. According to them, this dependence could become Solana’s long-term weakness if not addressed soon. At the same time, the SOL/ETH pair broke key support, a wedge pattern that hints at a potential 40% drop by July. Meanwhile, Ethereum is shining with scalable layer-2 networks. These upgrades offer more infrastructure…
