Defi Llama

Solana is under pressure after a 23% decline over the past 30 days pushed SOL into correction territory while decentralized exchange activity weakened. Technical traders are watching the $80 area after SOL lost key support and ETF-linked vehicles recorded $144 million in monthly net outflows.

SUI has surged nearly 20% in the past 24 hours as traders react to a confirmed breakout above its 200 day exponential moving average. The move has lifted short liquidations and trading volumes, although weak network activity continues to weigh on the broader fundamental case.

Ethereum has climbed nearly 6% in the past 24 hours and is closing in on the pivotal $1,800 area after bouncing from $1,550. ETF inflows and sentiment have improved, but weak on-chain activity, falling stablecoin market value and thin trading volumes suggest buyers still face a difficult test.

Ethereum has climbed nearly 6% in the past 24 hours and is approaching the $1,800 area, a level that could define its near term direction. ETF inflows and improved sentiment offer support, but weakening on chain activity and stablecoin outflows continue to cloud the recovery outlook.