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- 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.
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’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 for practical applications beyond speculation. This contrast has raised concerns about how developers and investors perceive Solana in the long term.
Ethereum Gets Fresh Boost
The weekly price increase for Ethereum comes amid fresh optimism in the Ethereum ecosystem. In our last update, we examined that the Ethereum Foundation restructured its core development team and reduced its workforce.
The central goal is to make the Ethereum network faster, more scalable, and easier to use, as well as to ensure the network stays ahead of the curve in blockchain innovation.
Furthermore, Ethereum broke a key milestone regarding total weekly inflows in its investment products. As previously mentioned in our report, Ethereum-based funds pulled in $321 million weekly, the highest amount since December 2024. These huge inflows have likely helped push the price of ETH higher on the weekly chart.
Another key factor contributing to the positive outlook on Ethereum’s price is increased adoption. Ethereum is currently gaining attention in the institutional market.
As we covered in our latest report, BlackRock, the world’s largest asset manager, moved $561 million from Bitcoin to Ethereum. This move demonstrates the firm’s confidence in Ethereum and quickly sparked speculation about the emergence of an altcoin season.
