Ethereum ETFs attracted $164 million net on the 15th of January (ET), continuing their four-session winning streak. This steady demand indicated a growing confidence for large-cap crypto exposure via regulated products. The data on flow also supported a riskier tone in major assets.
The Bitcoin ETFs reported a net flow of $100 million the day before, marking a fourth consecutive positive day. This back-to-back consistency suggests investors continue to allocate crypto in a calculated way. The ETF trend has therefore provided a positive backdrop to altcoins that are trying new breakouts.
Also, Solana ETFs saw net inflows of $8.94 millions, while XRP ETFs recorded $17.06 in net flows. The numbers, although smaller than Ethereum’s total, showed that interest was expanding beyond Bitcoin. These inflows also came as several high beta tokens were testing key technical levels.
Solana gains as buyers defend the recovery
CoinCodex
Solana was trading at $143.34 in the 24 hour period, up 0.75%. In addition, the token gained 2.6% over the last week and $3.93billion in daily trading volumes. Solana’s market value was near $81.01 Billion with 570 Million SOL currently in circulation.
After recent price volatility, market watchers attributed the change to a more stable structure. The traders’ focus shifted to whether SOL could build a solid base over the previous support. After weeks of volatile trading, the current rally has also brought key resistance into play.
The $147 threshold is the level that determines momentum
Crypto Tony stated that bulls need to reclaim $147 in order to regain momentum and push towards $155 or higher. The zone was framed as an important supply area linked to the previous breakdown pressure. A daily close over $147 would confirm the trend as a strong one and encourage follow-through.
But a rejection of that level would keep SOL in a range and could invite retracement towards $135. The $130 line was also scrutinized by traders as the level that needed to hold. The structure is still inclined to continue if buyers protect the downside.
Analysts see $170 as the Next Big Test
Gordon said that SOL didn’t form its major bottom accidentally, and $170 was the next goal. Gordon pointed out a base rounded between $118-$135 that formed. This pattern is often a sign of accumulation, when the seller loses control.
Source: X
He also cited $145 to 147 dollars as an immediate cushion, and $138 for a secondary one. SOL must hold above these levels to keep the road towards $170 open.
