Can Ethereum Price Surge to $300 Before Solana Reaches $200?

Jakarta, Pintu News – After rising to $1,687 earlier this week, the price of Ethereum (ETH) has now corrected to the level of $1,575 as traders began to take profits. This decline was also triggered by market sentiment which is still dominated by bearish views from investors.

However, some crypto analysts are optimistic that ETH prices will recover soon, given the positive technical signals and favorable fundamental data.

This article will discuss the chances of Ethereum surging back to $3,000 before Solana (SOL) hits the $200 mark. Check out the full article!

Will Ethereum Price Surge to $3,000?

Some crypto analysts believe that the current ETH price is already abargain and is expected to surge above $3,000 in the next few weeks.

Read also: Ethereum on the Edge: Can It Hold $1,500 as Whales Begin Massive Sell-Off?

One of the main reasons is because Ethereum’s fundamentals are still considered strong, even though the price is weakening.

For example, data from DeFi Llama shows that in the last seven days, the Ethereum-based DEX protocol recorded transaction volumes of around $15 billion, and $57 billion in a 30-day period. This solidifies Ethereum’s position as the most dominant network for DEX activity.

In addition, from a technical perspective, there are indications that the ETH price has formed a falling wedge pattern on the daily chart. This pattern is known as a potential signal of bullish reversal, characterized by two equally declining and progressively narrowing trend lines.

Usually, assets that form this pattern tend to breakout to the upside as the two trend lines approach their meeting point.

Ethereum’s falling wedge pattern has the widest distance of about 30%. If we measure that distance from the potential breakout point, ETH’s initial price projection is around $2,092.

This level happens to coincide with the highest price peak on March 25, as well as being an important support level in August and September last year, and near the low point on February 3.

For now, though, it’s still difficult to predict when the Ethereum price could actually reach $3,000. To reach that level, ETH would need to rise by almost 80% from its current price.

Will Solana Price Surge to $200?

Solana (SOL) price has bounced back from this year’s low around $95, and is now trading around $125. To reach the $200 target, SOL needs to rise about 60% from current levels.

Some analysts predict that the SOL price will eventually break $200, especially if meme coins in the Solana ecosystem experience a surge.

One analyst who is optimistic about SOL’s movement, as quoted in a CoinGape article, mentioned that the potential approval of Solana’s ETF could be a catalyst for driving prices.

On the daily chart, it can be seen that Solana’s price has managed to break through the important resistance level of $120, which had been a strong barrier since last year. The analyst estimates that a clear breakout above this level could pave the way for further gains towards $200.

Read also: Janover Invests $10.5 Million in Solana (SOL) — Aiming to Become the Solana King of the US?

However, the current chart does not show a strong trend that could push SOL up by 60% to reach this target. In addition, SOL’s price is still below its 50-day moving average.

The chances of a rally towards $200 will become stronger if SOL is able to break above the 50-day, 100-day moving averages, as well as past the psychological level at $150.

Will ETH Price Reach $3,000 Before SOL Touches $200?

Based on this analysis, it is still uncertain whether the price of Ethereum (ETH) will soon surge to $3,000, or whether Solana (SOL) will manage to break $200. The chances of both reaching these targets will only become clearer if they are able to cross their respective key resistance levels.

For SOL, there needs to be a convincing rise above $200, while Ethereum should be able to reverse the resistance level around $2,500 into new support.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Will Ethereum Price Hit $3K before Solana (SOL) Reaches $200? Accessed on April 17, 2025