Will Solana and Ethereum Rally as Institutional Holdings Surge?

Institutional Accumulation Fuels ETH and SOL Price Outlook

In Digital Asset Treasuries (DATs) statistics, institutional-level ownership of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) has been on an increasing trend in the last six months. Bitcoin, with the highest distribution of 3.6% treasuries in the overall supply, is still showing its long-term store of value. 

However, the gains in ETH and SOL are gaining enough traction, boosting confidence in altcoins other than BTC.

Since the merger and its centrality in the staking and DeFi business, Ethereum has achieved 3.3% of the total supply amount. Institutions also seem to consider ETH as both an asset of growth as well as an important instrument of diversification in digital portfolios.

% of Total Supply by Digital Asset Treasury | Source: X

Meanwhile, Solana has registered the highest growth at 2.7% of the circulating supply. Such a steep growth is a sign of rebuilding confidence in its ecosystem after its network challenges in the past, which is a shift towards performance-based blockchain investments. The statistics show that institutional capital is diversifying beyond Bitcoin into high utility and innovation potential assets.

Solana Consolidates Within Key Range

Additionally, SOL is consolidating after the recent highs while trading at around $183. The token is slightly lower than its 9-day Exponential Moving Average (EMA) at $192, indicating sustained but restrained selling activity. Price action is within the range of $180 and $195, which indicates that traders are waiting for confirmation of the next move.

SOLUSD 1D CHART | SOURCE: TradingView

Technically, the Relative Strength Index (RSI) at approximately 40 shows that momentum is dying but not oversold yet. Short-term price recovery will be triggered by a rebound above 45. Structurally, the overall trend on SOL has not changed, and support is holding in the range of $178-$180. Any gain above $195 would open the path to the zone of $210, whereas a decline to the level of $178 would leave the downside open to $165.

Ethereum Faces Resistance Below $4K

On the other hand, ETH is trading under pressure after its inability to sustain above $4,000. The crypto is currently hovering at the price of $3,872, and its 9-day EMA is close to the price of $3,987, which is the resistance. This arrangement proves a reserved tone, with buyers having difficulty reasserting themselves.

ETHUSD 1D CHART | SOURCE: TradingView

The RSI of 41 indicates poor purchasing power, though an upward trend above 45 will indicate a fresh momentum. The main support is between $3,600-$3,400, where reversals were previously experienced. However, a surge beyond $4,000 would confirm a positive change, which could have a medium-term target of $4,300 and $4,600.

What’s The Future?

Both Ethereum and Solana are in good long-term uptrends, although with weakness in the short term. The recovery has a favorable base given by institutional accumulation after market sentiment levels out. With Bitcoin holding its footing and risk-taking getting better, ETH has the potential to reclaim the $4,000 level, while SOL has an opportunity to go back to about $200-$210. 

So far, it is seen that consolidation is predetermining the next significant step in both leading altcoins.