Altcoin Recovery: ETH, SOL, XRP Show Early Rally Signals
Altcoin recovery is showing momentum as key tokens ETH, SOL, and XRP post solid gains across monthly charts. Ethereum has climbed 21.9% over 30 days to trade above $4,437, driven by a three-year low in exchange reserves and record network activity. Major holders like Bitmine and SharpLink now control over 4.7 million ETH, bolstering prospects for a breakout toward $4,500 and beyond. Solana has surged 26.3% over 30 days, peaking at $208, as corporate treasuries increase holdings to more than 8.28 million SOL, setting sights on $210 resistance and $220 next. XRP trades between $2.73 and $2.90 amid rapid declines in exchange reserves, with institutional interest from entities like Thumzup Media. A break above $3.08 could trigger a push toward its yearly high of $3.65. These bullish signals suggest a broader altcoin recovery if key resistance levels are cleared.
Bullish
Declining exchange reserves historically signal reduced sell pressure and supply imbalances that often precede price rallies, as seen with Ethereum in early 2021 when reserves hit multi-year lows before a strong bull run. Institutional accumulation by corporate treasuries and large holders reinforces market confidence, suggesting these assets are viewed as long-term value stores. Breaking key resistance levels at $4,500 for ETH, $210 for SOL, and $3.08 for XRP could trigger short-term buying pressure and stop-loss cascades, further accelerating gains. In the medium to long term, sustained network activity growth and growing on-chain transaction volumes support fundamental demand. While macro factors remain relevant, the convergence of on-chain indicators and institutional interest points to a bullish outlook for altcoins in both the near and extended trading horizon.