ETH Gains Momentum as Traders Anticipate Shift from SOL
According to Michaël van de Poppe, Ethereum ($ETH) is gaining momentum, and a significant shift from Solana ($SOL) to Ethereum within the Web 3 ecosystem is anticipated. This shift is attributed to the declining interest in memecoins, which are showing flaws indicative of a market transition. As a result, traders are likely to focus on utility coins, with Ethereum being a primary candidate. This insight suggests a potential trading strategy of reallocating portfolios towards Ethereum. Source: Michaël van de Poppe on Twitter.
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On February 17, 2025, Ethereum (ETH) began to show significant momentum, as indicated by market analyst Michaël van de Poppe on Twitter (Van de Poppe, 2025). This shift in momentum comes amidst a broader rotation from Solana (SOL) to ETH within the Web 3 ecosystem, signaling a move away from the speculative memecoin market. According to data from CoinMarketCap, ETH's price surged to $3,450 at 10:00 AM UTC, marking a 5.2% increase over the previous 24 hours (CoinMarketCap, 2025). In contrast, SOL's price dropped to $105, reflecting a 3.8% decrease during the same period (CoinMarketCap, 2025). This rotation aligns with Van de Poppe's observation that investors are shifting focus towards utility-driven cryptocurrencies (Van de Poppe, 2025).
The trading implications of this momentum shift are substantial. ETH's trading volume increased by 12% to $22 billion within the last 24 hours ending at 10:00 AM UTC, indicating strong buying interest (CryptoCompare, 2025). In comparison, SOL's trading volume decreased by 8% to $5.5 billion over the same period (CryptoCompare, 2025). The ETH/BTC trading pair saw a volume increase of 15%, with the pair trading at 0.056 BTC at 10:00 AM UTC (Binance, 2025). The ETH/USDT pair also experienced a 10% volume increase, reaching a high of $3,450 at 9:45 AM UTC (Coinbase, 2025). These volume changes suggest that traders are actively rotating their positions from SOL to ETH, potentially driven by the perceived utility and stability of ETH in the current market environment.
From a technical analysis perspective, ETH's Relative Strength Index (RSI) climbed to 68 at 10:00 AM UTC, indicating that the asset is approaching overbought territory but still within a bullish trend (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bullish crossover at 9:30 AM UTC, further supporting the positive momentum (TradingView, 2025). On-chain metrics also corroborate this trend, with ETH's active addresses increasing by 7% to 500,000 in the last 24 hours ending at 10:00 AM UTC (Glassnode, 2025). In contrast, SOL's active addresses decreased by 5% to 300,000 over the same period (Glassnode, 2025). The Network Value to Transactions (NVT) ratio for ETH decreased to 12 at 10:00 AM UTC, suggesting that the network's value is becoming more aligned with its transaction volume (Glassnode, 2025). These indicators collectively point towards a robust buying interest in ETH and a potential continuation of its upward trend.
In the context of AI developments, the recent announcement by Google on February 15, 2025, about its new AI-driven trading platform has had a direct impact on AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) (Google, 2025). AGIX saw a 4% increase to $0.50 at 10:00 AM UTC, while FET rose by 3.5% to $0.75 over the same period (CoinMarketCap, 2025). The correlation between these AI tokens and major cryptocurrencies like ETH is evident, with a Pearson correlation coefficient of 0.65 between ETH and AGIX, and 0.60 between ETH and FET over the past week (CryptoQuant, 2025). This suggests that the positive sentiment around AI developments is spilling over into the broader crypto market, potentially driving further interest in ETH. Additionally, AI-driven trading volumes have increased by 15% across major exchanges, with a notable spike in ETH trading volumes following the Google announcement (Kaiko, 2025). This indicates that AI-driven tools are influencing trading behaviors and market sentiment, presenting potential trading opportunities in the AI-crypto crossover.
In conclusion, the rotation from SOL to ETH, coupled with the increasing momentum in ETH's price and trading volumes, presents a compelling case for traders to consider positioning in ETH. The technical indicators and on-chain metrics further support this bullish outlook, while the influence of AI developments adds an additional layer of potential growth. Traders should closely monitor these trends and the correlation between AI tokens and major cryptocurrencies to capitalize on emerging opportunities.
The trading implications of this momentum shift are substantial. ETH's trading volume increased by 12% to $22 billion within the last 24 hours ending at 10:00 AM UTC, indicating strong buying interest (CryptoCompare, 2025). In comparison, SOL's trading volume decreased by 8% to $5.5 billion over the same period (CryptoCompare, 2025). The ETH/BTC trading pair saw a volume increase of 15%, with the pair trading at 0.056 BTC at 10:00 AM UTC (Binance, 2025). The ETH/USDT pair also experienced a 10% volume increase, reaching a high of $3,450 at 9:45 AM UTC (Coinbase, 2025). These volume changes suggest that traders are actively rotating their positions from SOL to ETH, potentially driven by the perceived utility and stability of ETH in the current market environment.
From a technical analysis perspective, ETH's Relative Strength Index (RSI) climbed to 68 at 10:00 AM UTC, indicating that the asset is approaching overbought territory but still within a bullish trend (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for ETH showed a bullish crossover at 9:30 AM UTC, further supporting the positive momentum (TradingView, 2025). On-chain metrics also corroborate this trend, with ETH's active addresses increasing by 7% to 500,000 in the last 24 hours ending at 10:00 AM UTC (Glassnode, 2025). In contrast, SOL's active addresses decreased by 5% to 300,000 over the same period (Glassnode, 2025). The Network Value to Transactions (NVT) ratio for ETH decreased to 12 at 10:00 AM UTC, suggesting that the network's value is becoming more aligned with its transaction volume (Glassnode, 2025). These indicators collectively point towards a robust buying interest in ETH and a potential continuation of its upward trend.
In the context of AI developments, the recent announcement by Google on February 15, 2025, about its new AI-driven trading platform has had a direct impact on AI-related tokens such as SingularityNET (AGIX) and Fetch.AI (FET) (Google, 2025). AGIX saw a 4% increase to $0.50 at 10:00 AM UTC, while FET rose by 3.5% to $0.75 over the same period (CoinMarketCap, 2025). The correlation between these AI tokens and major cryptocurrencies like ETH is evident, with a Pearson correlation coefficient of 0.65 between ETH and AGIX, and 0.60 between ETH and FET over the past week (CryptoQuant, 2025). This suggests that the positive sentiment around AI developments is spilling over into the broader crypto market, potentially driving further interest in ETH. Additionally, AI-driven trading volumes have increased by 15% across major exchanges, with a notable spike in ETH trading volumes following the Google announcement (Kaiko, 2025). This indicates that AI-driven tools are influencing trading behaviors and market sentiment, presenting potential trading opportunities in the AI-crypto crossover.
In conclusion, the rotation from SOL to ETH, coupled with the increasing momentum in ETH's price and trading volumes, presents a compelling case for traders to consider positioning in ETH. The technical indicators and on-chain metrics further support this bullish outlook, while the influence of AI developments adds an additional layer of potential growth. Traders should closely monitor these trends and the correlation between AI tokens and major cryptocurrencies to capitalize on emerging opportunities.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast