Ethereum

Solana

Uniswap

Orca

With <a href="https://cryptoticker.io/en/token/price/ETH-USD/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> striving to maintain its price above the critical $3,000 support level and <a href="https://cryptoticker.io/en/token/price/SOL-USD/" rel="noopener noreferrer nofollow">Solana (SOL) gaining dominance</a> in decentralized exchanges (DEXes), the competition between these two blockchain giants is intensifying. Ethereum's robust smart contract ecosystem faces mounting pressure from Solana's user-friendly scalability and significant trading volumes. <a href="https://cryptoticker.io/en/prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Will Ethereum withstand this pressure, or is a price drop below $3,000 imminent</a>?
<figure class="image"><img style="aspect-ratio:1876/667;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Defi_Llama_DE_Xs_Comparison_a0ecbbd674.png" alt="By DefiLlama - DEXs Comparison" width="1876" height="667">
 <figcaption><a href="https://defillama.com/dexs" rel="noopener noreferrer nofollow">By DefiLlama - DEXs Comparison</a>
 </figcaption>
</figure>
<h2 id="1-ethereum-price-analysis-vulnerabilities-and-potential">1- Ethereum Price Analysis: Vulnerabilities and Potential</h2>
<a href="https://www.tradingview.com/symbols/ETHUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Ethereum's price</a> currently trades at $3,064.60, with a market cap of $369.05 billion and a 24-hour trading volume of $25.59 billion. Despite maintaining a strong position, ETH remains 37.43% below its all-time high of $4,891.70, reached on November 16, 2021. The technical indicators reveal mixed sentiments:
<figure class="image"><img style="aspect-ratio:1534/777;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_ETHUSD_2024_11_18_YTD_1ee72d3f89.png" alt="By TradingView -ETHUSD_2024-11-18 (YTD).png" width="1534" height="777">
 <figcaption><a href="https://www.tradingview.com/symbols/ETHUSD/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView -ETHUSD_2024-11-18 (YTD)</a>
 </figcaption>
</figure>
<ul>
 <li>Relative Strength Index (14): 59.50 (Neutral)</li>
 <li>Momentum (10): 101.23 (Sell)</li>
 <li>MACD Level (12, 26): 150.40 (Buy)</li>
 <li>Exponential Moving Average (10): $3,061.86 (Buy)</li>
 <li>Simple Moving Average (10): $3,155.25 (Sell)</li>
 <li>Exponential Moving Average (20): $2,943.55 (Buy)</li>
 <li>Simple Moving Average (20): $2,879.38 (Buy)</li>
</ul>
Ethereum recently faced resistance near $3,120, prompting a short-term downside correction. After struggling to clear the $3,250 zone, ETH is consolidating within a narrow range. However, if Ethereum fails to stabilize above $3,040, the price could break below the psychological $3,000 mark, testing support levels at $2,980 and potentially $2,880. Such a decline could further erode investor confidence, making the $3,000 support level a critical battleground.
<figure class="image"><img style="aspect-ratio:1534/777;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_ETHUSD_2024_11_18_LIVE_cdbe9cbcde.png" alt="By TradingView -ETHUSD_2024-11-18 (LIVE).png" width="1534" height="777">
 <figcaption><a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView -ETHUSD_2024-11-18 (LIVE)</a>
 </figcaption>
</figure>
<h3 id="key-technical-insights">Key Technical Insights</h3>
<ul>
 <li>Resistance Levels: $3,120, $3,220, $3,320</li>
 <li>Support Levels: $3,040, $2,980, $2,880</li>
</ul>
<h2 id="2-solana-s-rising-pressure-on-ethereum">2- Solana's Rising Pressure on Ethereum</h2>
<a href="https://defillama.com/dexs" rel="noopener noreferrer nofollow">According to DefiLlama</a>, Solana has surpassed Ethereum in 24-hour DEX trading volume, recording a staggering&nbsp;$6.24 billion&nbsp;compared to Ethereum's&nbsp;$850 million. Solana-based platforms like Raydium and Orca dominate the DEX landscape, with volumes of $4.2 billion and $1.07 billion, respectively.
<figure class="image"><img style="aspect-ratio:1534/777;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOLUSD_2024_11_18_YTD_a4646049fb.png" alt="By TradingView -SOLUSD_2024-11-18 (YTD).png" width="1534" height="777">
 <figcaption><a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView -SOLUSD_2024-11-18 (YTD)</a>
 </figcaption>
</figure>
Notably, <a href="https://coinmarketcap.com/dexscan/networks/solana/?page=1&amp;swap=all" rel="noopener noreferrer nofollow">Solana’s weekly DEX trading volume</a> exceeds Ethereum and its layer-2 solutions combined. This growth highlights Solana's commitment to user-friendly applications and seamless experiences, creating significant pressure on Ethereum to innovate and maintain its market share.
<h3 id="key-metrics-for-solana">Key Metrics for Solana</h3>
<ul>
 <li>Market Cap: $116 billion</li>
 <li>Recent Price Rally: 18% over the past week</li>
 <li>Native Token: SOL</li>
</ul>
<figure class="image"><img style="aspect-ratio:1534/777;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOLUSD_2024_11_18_LIVE_b24a802680.png" alt="By TradingView -SOLUSD_2024-11-18 (LIVE).png" width="1534" height="777">
 <figcaption><a href="https://www.tradingview.com/symbols/ETHUSD/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView -SOLUSD_2024-11-18 (LIVE)</a>
 </figcaption>
</figure>
Cryptocurrency educator Cygaar credits <a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Solana's success</a> to its emphasis on user experience over technical infrastructure. Unlike <a href="https://coinmarketcap.com/dexscan/networks/ethereum/?page=1&amp;swap=all" rel="noopener noreferrer nofollow">Ethereum, which remains heavily infrastructure-focused</a>, Solana prioritizes real-world applications that appeal to everyday users. This strategic focus has enabled Solana to grow its market dominance rapidly.
<h2 id="3-ethereum-vs-solana-a-competitive-comparison">3- Ethereum vs Solana: A Competitive Comparison</h2>
<figure class="table">
 <table>
 <thead>
 <tr>
 <th>Feature</th>
 <th>Ethereum (ETH)</th>
 <th>Solana (SOL)</th>
 </tr>
 </thead>
 <tbody>
 <tr>
 <td>Market Cap</td>
 <td>$369.05 billion</td>
 <td>$116 billion</td>
 </tr>
 <tr>
 <td>24-hour DEX Volume</td>
 <td>$850 million</td>
 <td>$6.24 billion</td>
 </tr>
 <tr>
 <td>All-Time High</td>
 <td>$4,891.70 (37.43% below ATH)</td>
 <td>$260.06 (6.29% below ATH)</td>
 </tr>
 <tr>
 <td>Focus Area</td>
 <td>Smart contracts, dApps</td>
 <td>Scalability, user experience</td>
 </tr>
 <tr>
 <td>Top DEX</td>
 <td>Uniswap ($1.52 billion volume)</td>
 <td>Raydium ($4.2 billion volume)</td>
 </tr>
 </tbody>
 </table>
</figure>
<figure class="image"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Coin_Market_Cap_SOL_Blue_vs_ETH_Red_Price_Performance_9f864ada34.png" alt="By CoinMarketCap - SOL (Blue) vs ETH (Red) - Price Performance %.png">
 <figcaption><a href="https://coinmarketcap.com/currencies/solana/" rel="noopener noreferrer nofollow">By CoinMarketCap - SOL (Blue) vs ETH (Red) - Price Performance %</a>
 </figcaption>
</figure>
<a href="https://cryptoticker.io/en/prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum's ability to maintain its $3,000 support level faces significant challenges</a>, both from internal market dynamics and <a href="https://cryptoticker.io/en/solana-dex-volume-surge-memecoins-raydium-pumpfun/" rel="noopener noreferrer nofollow">Solana's rising dominance</a>. While Ethereum's established ecosystem and innovation in smart contracts provide long-term potential, the increasing pressure from Solana's user-focused approach and high DEX volumes cannot be ignored. As the blockchain landscape continues to evolve, the competition between these two giants will shape their respective futures, with Ethereum's $3,000 threshold being a pivotal factor to watch.

Ethereum Price Prediction: Will ETH Price Fail Its 3k Support Level Under Solana's Pressure?

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