ETH and SOL show strong price gains ahead of crucial ETF approval decisions in July.
Institutional interest in cryptocurrencies grows as ETF fund inflows continue rising.
ETF approvals could spark a major altcoin rally, marking a turning point for the cryptocurrency market.
The cryptocurrency market is gaining strength this June. Two of the most talked-about cryptocurrencies, Ethereum (ETH) and Solana (SOL), are heading toward a major moment in July. Both are waiting for decisions on exchange-traded fund (ETF) approvals. These ETFs could bring in large investments and possibly start a fresh rally in the altcoin market.
Crypto prices have been rising throughout June. Bitcoin, the largest cryptocurrency, is trading above $109,600. Ethereum holds steady near $2,800. Many altcoins have also moved higher, with several gaining more than 8% in a single day.
Investors are watching inflation reports from the United States closely. Lower inflation often gives central banks more room to ease interest rates, which helps boost investments in riskier assets like cryptocurrencies. Along with inflation data, investors are now focused on the upcoming ETF decisions that could bring major institutional money into Ethereum and Solana.
Ethereum has performed well in recent weeks. The price broke above the important resistance level of $2,800 and continues to hold strong. Many market analysts believe that Ethereum could soon test $3,000 if current trends continue.
Institutional investors have already shown strong interest. Recently, Ethereum ETFs received over $125 million in new investment in just one trading session. The total amount held by Ethereum ETFs has now reached about 3.79 million ETH. This growing interest suggests that more large investors are getting involved ahead of possible full ETF approval.
Solana has also seen a sharp increase in both price and trading volume. Its price recently climbed 7%, reaching around $145. This move followed reports that regulators are asking ETF issuers to make updates to their applications. These updates cover topics like staking, which is an important feature for Solana, and how funds handle redemptions.
Trading volume for Solana has jumped by 35%, reaching nearly $2.8 billion in a single day. Technical charts show that Solana has moved above its 50-day moving average, which is often a sign of strength. The Relative Strength Index (RSI) for Solana has also climbed to 68, showing continued buying interest.
Market experts believe that Solana could move toward $183 if momentum continues. If the ETF approvals go through as expected, Solana may even move beyond that level, depending on market conditions and investor interest.
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The month of July could bring major news for both Ethereum and Solana. The U.S. Securities and Exchange Commission (SEC) is reviewing several ETF applications for both cryptocurrencies. Decisions on these ETFs may come as early as July 2. These decisions include spot ETFs for Ethereum, staking ETFs, and new spot ETFs for Solana.
Experts believe that the odds for approval are now very high. Some analysts suggest there is a 90% chance that the SEC will approve ETFs for Solana and Litecoin. New index ETFs that include multiple altcoins are also being reviewed.
This entire development has led analysts to refer to the coming months as “Altcoin ETF Summer.” If these ETF approvals happen, large amounts of new investment could enter the altcoin market, driving prices higher.
The growing excitement around ETF approvals has drawn more attention from large institutional investors. Ethereum ETFs have already collected nearly $837.5 million in new investments over the last 15 trading days. Since launching, these ETFs now hold about $3.32 billion in assets. Bitcoin ETFs also continue to attract strong interest, with over $431 million in inflows during a single day.
Solana’s rising trading volume suggests that institutional investors are also beginning to prepare for its ETF approval. Some experts believe Solana’s price could reach $500 after ETF approval, while others see $183 as the next near-term target.
Ethereum’s ability to hold above $2,800 is a strong technical sign. If the price remains above this level, Ethereum may test $3,000 soon. On-chain data shows increased activity, strong staking levels, and whale accumulation , all signs that support further price gains.
Solana’s recent price breakout has also attracted attention. A large jump in price, often called a “God Candle,” took Solana above $164. Some technical analysts see a “Cup and Handle” pattern forming, which often leads to larger price increases if the pattern plays out fully. Price targets range between $183 and $200 in the near term.
Although the market shows strong momentum, some experts believe the full altcoin season may still come later in the year. Many expect Bitcoin dominance to drop below 60% before altcoins fully take the lead in the crypto market. A full rally may arrive between September and December. However, the upcoming ETF approvals in July may act as an early spark for a major altcoin rally starting this summer.
Recent steps taken by regulators show that the SEC may be warming up to the idea of altcoin ETFs. Issuers have been asked to update their filings to include new rules such as cash-only creation models and clearer staking procedures. These adjustments aim to reduce the risks of market manipulation and ensure safe trading for investors.
By setting these guidelines, the SEC creates a path for more traditional financial institutions to invest in cryptocurrencies while protecting retail investors. The progress on these regulatory rules is one reason why experts feel confident about upcoming ETF approvals.
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Despite growing optimism, several risks still exist. The SEC may delay its decisions, pushing them into the fall. Even if approvals arrive, some traders may take quick profits, causing short-term price drops. Ethereum may face resistance near the $3,000 level, while Solana could struggle to stay above $183 if buyers lose strength.
Global events such as inflation spikes, economic slowdowns, or sudden policy changes could also create challenges for the market. Investors will need to watch these factors closely, even if ETF approvals go forward.
Several key factors will influence what happens next:
The SEC’s decisions on both Ethereum and Solana ETFs are expected in early July.
Fund flows into ETFs for both coins will reveal investor interest.
Price resistance levels remain important: $2,800 to $3,000 for Ethereum, and $183 to $200 for Solana.
Bitcoin dominance levels, on-chain activity, and trading volumes will provide clues about broader market strength.
Global economic data, inflation reports, and regulatory announcements could also affect prices.
Ethereum and Solana both approach an important turning point in July. ETF approvals could act as the major trigger for renewed investment in altcoins. Both cryptocurrencies show strong recent price action, growing institutional interest, and positive technical setups.
If approvals arrive as expected, an “Altcoin ETF Summer” may begin. This rally could help push altcoins into a new growth phase that extends through the second half of 2025. At the same time, global conditions and regulatory surprises could still influence the market’s direction. Investors and traders will continue to watch closely as the critical month of July approaches.