• Ethereum (ETH) and Solana (SOL) have experienced a slowdown in growth over the past few days.
• Investors have debated whether or not their recent uptick was only temporary.
• Eco-friendly crypto project Ecoterra (ECOTERRA) has now breached the $5.3 million mark in its ongoing presale.
Ethereum & Solana Price Growth Slows
It’s been a hectic few days in the crypto market, with an abundance of coins and tokens producing double-digit returns. However, there’s been a marked slowdown in the growth of Ethereum (ETH) and Solana (SOL), leading investors to debate whether their recent uptick in momentum was only temporary.
At the time of writing, ETH is hovering around the $1,870 level, following a surprise surge earlier in the week. This surge culminated in ETH breaching $1,900 before immediately retracing. Ethereum’s recent price movements suggest a high volume of sell orders located around $1,900, which has halted the bullish momentum. Moreover, although price has soared above the 20-day and 50-day Exponential Moving Averages (EMAs), movement over the past 24 hours suggests that a potential retest of these indicators is on the cards. If this occurs, the price could drop back to $1,815 to use the 50-day EMA as a springboard for another push.
Solana Price Update
Fellow Proof-of-Stake (PoS) cryptocurrency Solana has also experienced a much-needed price rise, with the token briefly surpassing the $17 level. However, much like Ethereum, the bullish momentum looks to have been temporary – with the SOL price dropping nearly 8% in