Ethereum News Today: Ethereum and Solana Weather Macro Risks with Scarcity-Driven Bullish Surge

Ethereum and Solana have shown renewed bullish momentum in October 2025, driven by institutional adoption, network upgrades, and regulatory developments. Ethereum's price has stabilized around $4,376 after testing critical support levels, supported by surging network activity and $5.14 billion in staked ETH by Grayscale. Solana, meanwhile, is poised for a potential breakout to $250–$300, with senior analysts like Bloomberg's Eric Balchunas projecting a 100% approval probability for an U.S. ETF by year-end. Both assets are being highlighted as top cryptos under $200, with Ethereum's tokenization market expanding 680% to $11.7 billion and Solana's DeFi TVL hitting $12.2 billion.

Ethereum's daily internal contract calls have surged to 9.5 million, reflecting robust DeFi and real-world asset (RWA) activity. Institutional confidence remains strong despite short-term price volatility, with Grayscale's staking move signaling long-term value recognition. Analysts note that Ethereum's RSI near 61.22 and a bullish megaphone pattern breakout suggest potential for a rebound to $10,000 if support at $4,100–$4,250 holds. ETF inflows and reduced exchange supply further underpin its appeal as a utility-driven store of value.

Solana's price action has been equally compelling. A bullish pennant pattern and W-shaped recovery indicate a possible rally to $200–$250. The asset's market cap of $126.27 billion and 29.5% 24-hour trading volume growth highlight growing liquidity. With the SEC's removal of 19b-4 listing barriers, Solana ETF approvals are now seen as imminent, potentially catalyzing a surge to $300. Analysts like Kamran on X emphasize that a clean break above $210 could validate the bullish case.

Geopolitical shocks, such as U.S. President Donald Trump's 100% tariff on Chinese imports, triggered a $19 billion liquidation event in mid-October. However, Ethereum and Solana have shown resilience compared to altcoins, with Ethereum regaining $4,250 support and Solana rebounding from a $144 low. Institutional buying interest, particularly in Ethereum's RWA sector and Solana's staking products, has offset retail panic.

Technical indicators remain mixed. Ethereum faces resistance at $4,800, while Solana's path to $300 depends on clearing $250–$255. Both assets benefit from deflationary mechanics-Ethereum's fee burning and Solana's 12% transaction burn-enhancing scarcity. Analysts caution that macroeconomic risks, such as U.S.-China trade tensions, could reintroduce volatility, but long-term fundamentals remain intact.