Solana Eyes $250 as ETH Holds $4,600 and LINK Rallies 15%
Solana is trading around $215 after breaking the $200 resistance this month, driven by whale accumulation, high on-chain activity and institutional adoption. Analysts now eye $220–230 as the next near-term hurdle and a breakout target of $250. DeFi Development Corporation’s $250 million SOL treasury underscores growing institutional confidence.
Ethereum has held above $4,600 following record ETF inflows, with BlackRock and Fidelity ETFs attracting over $1.01 billion in a single day. Call option bets on a $5,000 ETH price level exceed $5 million, while firms like BitMine and SharpLink continue ETH accumulation.
Chainlink surged 15% to above $24 amid significant whale buying and a new partnership with Intercontinental Exchange for on-chain real-time FX and commodity pricing. LINK balances on exchanges have fallen nearly 10%, signaling reduced selling pressure.
These dynamics point to a bullish outlook across key altcoins as traders set their sights on Solana’s $250 breakout, Ethereum ETF momentum and Chainlink integration gains.
Bullish
The combined surge in on-chain activity, institutional inflows and whale accumulation across Solana, Ethereum and Chainlink suggests a bullish market sentiment. Solana’s break of the $200 resistance and its strong treasury backing parallels its previous 2021 breakout when institutional demand triggered a sustained rally. Ethereum’s record ETF inflows and sustained trading above $4,600 mirror past ETF-driven bull phases that preceded multi-month uptrends. Chainlink’s 15% weekly rally, driven by a high-profile ICE partnership and reduced exchange balances, echoes prior price spikes following major integrations. Together, these factors signal continued buying pressure and a likely extension of the current uptrend in both short and long term. Traders can expect increased volatility as key price levels (Solana $250, ETH $5,000, LINK $29-$35) become focal points for further buying.