Solana Approaches $200 Amid Strong Institutional Inflows, Ethereum Prepares for Major Fusaka Upgrade

1. Ethereum (ETH)

• Current Price: Approximately $3,878.86
• Market Dynamics:
  • Ethereum is showing early signs of strength entering November, with a slight increase of 0.79% in the last 24 hours. However, it has seen a weekly decline of about 2.2%.
  • Analysts are cautiously optimistic, noting that the price is rebounding from a support level around $3,713, with oversold RSI readings indicating a potential short-term momentum reversal.
• Recent Developments:
  • The upcoming Fusaka upgrade, set for early November, is expected to enhance Ethereum's scalability and efficiency, bundling several Ethereum Improvement Proposals (EIPs) aimed at improving network performance.
  • Ethereum's ETFs faced $243 million in outflows recently, indicating a shift in investor sentiment towards Bitcoin, but the overall institutional interest remains strong.

2. Solana (SOL)

• Current Price: Approximately $196.44
• Market Dynamics:
  • Solana is nearing the $200 mark, buoyed by strong institutional inflows and bullish technical indicators. Analysts predict a potential breakout rally could push prices towards $250 in November.
  • Despite a recent 8% drop that erased year-over-year gains, the market is showing signs of recovery with increased liquidity and confidence.
• Recent Developments:
  • Solana's ecosystem continues to expand, with ongoing developments in DeFi and NFT sectors attracting more developers and users.
  • The approval of Solana ETFs is anticipated to significantly boost market confidence and trading volumes.

3. Sui (SUI)

• Current Price: Approximately $2.35
• Market Dynamics:
  • Sui is experiencing volatility as it braces for a significant token unlock of approximately $103 million on November 1, which could impact market sentiment and price stability.
  • Analysts are mixed on the potential effects of this unlock, with some predicting a bearish trend in the short term, while others see opportunities for a bullish breakout if the market absorbs the new supply effectively.
• Recent Developments:
  • Sui is leading the November token unlock schedule with a total of $146.55 million worth of tokens scheduled for release, which may test market absorption.
  • The Sui ecosystem is focused on growth, with recent partnerships and developments aimed at enhancing its utility and adoption in the DeFi space.

Conclusion

As of November 2, 2025, Ethereum continues to show resilience with upcoming upgrades, Solana is poised for a potential breakout amidst institutional interest, and Sui is navigating volatility with significant token unlocks on the horizon. The cryptocurrency market remains dynamic, and investors should monitor these developments closely.

If you have any specific questions or areas of interest, feel free to ask!