Ethereum Plummets 5.17% as Market Faces $100 Billion Loss; Solana Drops 10% Below $160

1. Ethereum (ETH)

• Current Price: Approximately $3,528 (down 5.17% in 24 hours)
• Market Dynamics:
  • Ethereum has faced significant pressure, with a recent market decline leading to a loss of over $100 billion in total cryptocurrency market capitalization.
  • Analysts are concerned about a potential drop below the $3,500 support level, with predictions suggesting a risk of further declines towards $2,800 if bearish momentum continues.
• Recent Developments:
  • The Ethereum Foundation has revamped its grants program to better align funding with ecosystem goals, transitioning to a wishlist and proposals format.
  • Some of Asia's largest Ethereum backers are planning to launch a $1 billion ETH treasury firm, indicating continued institutional interest in the network despite current market challenges.

2. Solana (SOL)

• Current Price: Approximately $160.09 (down 10% in recent trading)
• Market Dynamics:
  • Solana has experienced a notable decline, leading losses among major cryptocurrencies as it fell below the $160 mark. This drop extends its seven-day decline to over 20%.
  • The market is witnessing a bearish trend, with analysts indicating that if SOL fails to hold above $175, it could slide further towards $150.
• Recent Developments:
  • Despite the broader market downturn, Solana's ETFs have shown strong initial inflows, suggesting resilience amid overall market outflows.
  • The network is preparing for significant upgrades, including the Alpenglow update, which aims to improve transaction speeds and overall network performance.

3. Sui (SUI)

• Current Price: Approximately $2.52 (recent volatility observed)
• Market Dynamics:
  • Sui's price has shown fluctuations, with recent reports indicating a 9% drop to around $2.10, underperforming compared to the broader crypto market.
  • The market sentiment remains cautious, with predictions suggesting a potential recovery towards $5 if bullish momentum returns.
• Recent Developments:
  • Sui is preparing for significant token unlock events, with approximately $119.13 million in tokens scheduled for release, which could impact market stability.
  • Analysts are optimistic about Sui's long-term potential, with projections indicating a possible price range between $2.09 and $7.01 in the coming months.

Conclusion

As of November 5, 2025, Ethereum is under pressure with significant market declines and potential support tests, Solana is facing a bearish trend with substantial price drops, and Sui is navigating volatility ahead of token unlock events. Investors should remain vigilant and monitor these developments closely as the cryptocurrency landscape continues to evolve.

If you have any specific questions or need further details, feel free to ask!