• Ethereum and Solana have experienced a recent slowdown in their price growth, leading investors to debate whether it was only temporary.
• Eco-friendly cryptocurrency project Ecoterra (ECOTERRA) continues making headlines – and has now breached the $5.3 million mark in its ongoing presale.
• Ethereum is hovering around the $1,870 level, while Solana is currently trading at around the $17 level.
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.
Ecoterra Continues To Rise
Meanwhile, eco-friendly crypto project Ecoterra (ECOTERRA) continues making headlines – and has now breached the $5.3 million mark in its ongoing presale.
Current Prices
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. Meanwhile, fellow Proof-of-Stake (PoS) cryptocurrency Solana has also experienced a much-needed price rise, with the token briefly surpassing the $17 level.
Potential Retest
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.
Conclusion
In conclusion it looks like both Etheruem’s and Solana’s bull runs may be coming to an end soon as they have slowed down significantly from their initial run up but Ecoterra continues to make gains and rise higher every day showing potential for further growth for investors who are looking for great opportunities beyond just Bitcoin or Ethereum investments