Ethereum is Building Momentum and Mirroring Gold’s Breakout, Solana Eyes Massive Uptrend

Ethereum has begun the new week with a strong rally, steadily building momentum to break the key resistance level at $4,200. As one of the most popular crypto analysts has indicated, the current price chart of Ethereum is similar to that of Gold in 2024, just before the 2025 breakout explosion.

With the potential of a breakout rising, the analyst affirms forecasts that Ethereum might soar to $10,000 by the end of 2025. Similarly, Solana has also been building up a head of steam. Recovering above the $200 support level for the first time since the October market crash, BitBull still believes SOL could rally to a new ATH soon.

Ethereum Builds Momentum Ahead of Massive Rally

The Ethereum (ETH) price has continued its comeback rally after the market crash that happened earlier in the month. The Ethereum price has increased by 4.1% today, retesting the critical $4,200 resistance to start the new week.

While rallying above this resistance could spark the beginning of a massive rally for Ethereum, the popular crypto analyst, Merlijn The Trader, has sighted an even bigger trend. The analyst shared charts of Gold and Ethereum, showing similarities before Gold’s breakout rally.

According to the analyst, like Gold, Ethereum is building momentum before its massive price surge. While the analyst suggests that the Ethereum price could rise all the way to $10,000, a similar trend could take the Ethereum price much higher. 

The Ethereum price could cross $20,000 if it repeats the kind of rally gold has experienced in 2025. Clearly expecting an uptrend move, Ethereum whales have been loading up on ETH. According to data from Alphractal, whales holding between 10,000 and 100,000 ETH have steadily increased their balances since April.

These whales now hold nearly 31 million ETH, a new all-time high. The major point is that an increase in these wallets correlates with ETH price rallies. As this trend is being played in 2017 and 2021 the Ethereum price will be on a path of rallying.

Solana Surges Above 200, with a big uptrend in sight.

Since it went down to $170 in the middle of October, Solana (SOL) has gained momentum. Solana has fluctuated back above the price support at 200 because of the rally.

Rising above $200, BitBull explained that $SOL is still holding its 3-year support trendline. And while $200 is an important level to begin the uptrend the veteran crypto trader believes that $280 is the most important level for a massive rally to begin.

According to BitBull, if Solana forms a weekly close above the $280 resistance level, then SOL could pump to a new all-time high between $400 and $500 in this bull cycle. Similar to ETH, there have been large SOL purchases, suggesting a willingness from bulls to push the price of Solana higher.

Solana Sensei shared on-chain data showing the increase in whale purchases over the last week. With the rise in this trend, the analyst believes that the Solana price could rise to $1,000 in this bull cycle.

In Summary

Ethereum and Solana are recovering nicely from the “Black Friday” market crash, with rallies above crucial support levels. The building momentum and purchases from whales support predictions from analysts that the prices of ETH and SOL could rise to new highs over the next few months.