• Ethereum (ETH) and Solana (SOL) experienced a slowdown in price growth despite double-digit returns from many other coins and tokens.
• Eco-friendly project Ecoterra (ECOTERRA) continues to rise, surpassing the $5.3 million mark in its ongoing presale.
• Turbulent market forces have caused ETH and SOL’s momentum to slow down.
Ethereum & Solana Price Growth Slows
The crypto market has been quite hectic lately, with a lot of coins producing double-digit returns. However, Ethereum (ETH) and Solana (SOL) have seen their growth rate slow down significantly, leading investors to question if their recent uptick in momentum was only temporary.
Ecoterra Continues to Rise
On the other hand, eco-friendly cryptocurrency project Ecoterra (ECOTERRA) continues to make headlines as it breaches the $5.3 million mark in its ongoing presale.
Turbulent Market Forces Impacts ETH & SOL
At the time of writing, ETH is hovering around the $1,870 level after having briefly breached above $1,900 before quickly retracing again. This suggests that there are high volumes of sell orders present around that level which has effectively halted any further bullish movement for now. Furthermore, even though the current price is higher than both the 20-day and 50-day Exponential Moving Averages (EMAs), there is a chance of them being tested again soon if trading momentum does not pick up soon enough – potentially dropping back down to $1,815 as a result of this retest.
Solana’s price has also increased over the past few days but seems to be losing steam just like Ethereum with an 8% drop over 24 hours at the time of writing this article.
It remains unclear whether or not any further bullish movement will be seen from either Ethereum or Solana anytime soon; however one thing is certain – Ecoterra’s growth looks set to continue regardless! With its ongoing presale already surpassing expectations it will be interesting to see how far it can go in future investments rounds and what kind of impact this will have on its value moving forward.
Despite slowing growth from Ethereum and Solana, Ecoterra continues rising with its ongoing presale surpassing expectations by reaching over $5 million dollars so far – giving investors something else to keep an eye out for!