The rivalry between Ethereum and Solana is intensifying as altcoin season approaches. Recent data from ChangeNOW, a no-registration cryptocurrency exchange, shows increased transaction volumes for ETH and SOL. This surge suggests that savvy investors and large holders are accumulating these coins, hinting at potential future growth.
Ethereum Shows Bullish Signs After Recent Price Gains
Ethereum’s price has been climbing recently, with a 1-week increase of 5.66% and a 1-month gain of 19.88%. The current price sits near $3504.77. The Relative Strength Index (RSI) is at 56.74, indicating moderate buying pressure.
If the price surpasses the nearest resistance level at $3823.66, it could potentially reach the second resistance at $4715.71, representing a significant percentage increase. The Moving Average Convergence Divergence (MACD) level is positive at 9.357, suggesting bullish momentum.
Given these indicators, the current market conditions for Ethereum appear promising. Ethereum can be purchased on ChangeNOW with no registration and no hidden fees.
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Bullish Momentum Drives Solana Toward Key Resistance Levels
Solana (SOL) is showing strong bullish momentum, with its price rising over 10% in the past week and more than 40% over the past month. Currently trading around its ten-day simple moving average and above the hundred-day average, the trend appears positive. The Relative Strength Index is above 60, indicating continued upward movement, while the MACD is in positive territory.
If this trend persists, Solana could test the next resistance level at $253 and potentially reach the higher resistance near $314, representing a significant increase from current prices. It can be acquired on ChangeNOW without registration and no hidden fees.
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Conclusion
Ethereum and Solana both offer unique opportunities for investors and traders. Ethereum’s established network provides a strong foundation, while Solana’s innovative technology ensures fast and low-cost transactions. For those considering investing in these coins, ChangeNOW is an excellent platform.
It allows users to exchange, buy, or sell these cryptocurrencies without hidden fees or the need for registration. This enhances security since user funds are not stored on the platform. ChangeNOW supports over 900 cryptocurrencies, imposes no limits on transaction amounts, and provides the option to purchase crypto using a bank card.
Disclaimer and Risk Warning
This article is a sponsored press release meant solely for informational purposes. OvenAdd neither endorses nor takes responsibility for the content, quality, products, advertising, or accuracy of any materials within this article. The views expressed do not represent those of OvenAdd and should not be considered legal, tax, investment, or financial advice. Readers are advised to conduct their own research before making any significant decisions.
