🕵️ETH & SOL 🤔

Ethereum and Solana: A Comparative Outlook for the November 2025 Market

Ethereum (ETH) and Solana (SOL) are frequently compared as leading smart contract platforms in the crypto market. While both have experienced recent price declines, the reasons for these declines differ depending on the platforms' structure, ecosystems, and market positions.
Below is a current comparison of their price performances, reasons for the decline, technical indicators, and ecosystem data as of November 4, 2025.
1. Price Performance

Ethereum (ETH): Trading in the $3,700–$3,800 range. It has declined by 4–5% in the last 24 hours and approximately 10–15% since its October peak.

Solana (SOL): Trading in the $165–$175 range. It has declined by 8–10% in the last 24 hours and 15–20% since its October peak.

Solana's price movements are more severe than Ethereum's. This is due to its greater response to market sentiment (beta).
The SOL/ETH ratio is trading below its historical average at approximately 0.048.

2. Reasons for the Decline

Both assets are affected by general market pressures. However, some factors differ for each.

Common Factors

Macroeconomic pressures: Weakening expectations for a Fed rate cut, US-China trade tensions, and recession concerns are negatively impacting risk assets.

Liquidations: Liquidations exceeding $1 billion in leveraged positions in the last 24 hours have driven prices down.

Network activity: The number of active addresses and transactions decreased on both networks.

Ethereum-Specific Factors

Decreased institutional interest in ETFs

3% decrease in DeFi total value locked (TVL)

Ethereum Foundation's 36,000 ETH sales

Weakening mainnet demand due to liquidity shifting to Layer-2 solutions.

Solana-Specific Factors

New SOL ETFs (e.g., Bitwise) received a total inflow of $400–500 million but failed to support the price.

Delays in the SEC approval process and the slowdown in DePIN projects have diminished market confidence.

A daily supply increase of approximately 3 million SOL is putting pressure on the price.

High volatility and speculative interest are causing sharper declines.

3. Technical Outlook

Ethereum: RSI 27 (oversold zone), MACD negative. Support is $3,550–$3,600, resistance is $3,800–$4,000. The price is consolidating below the Bollinger Band.

Solana: The RSI is similarly low. Support is $172–$175, resistance is $180–$210. If it falls below $170, there is a risk of a drop to the $120–$150 range.

4. Ecosystem and Key Indicators

Ethereum Solana

Transaction Speed (TPS) ~30 million transactions on mainnet, 2,000+ TPS in real-world
Transaction Fee 5–50 gwei (lower on L2s) <0.01 USD
DeFi TVL Highest (leading position) Fast approaching with 250% YoY growth
NFT Volume (Monthly) ~740 million USD ~850 million USD (leading position)
Number of Developers 18,500+ 9,200 (200% YoY growth)
Number of Users 20 million+ 16.5 million+
Institutional Participation Mature, stable ETF flows New ETFs available, but price impact limited

Solana stands out with its speed, low fees, and NFT/DePIN projects, while Ethereum maintains its strong position with institutional trust, ecosystem size, and developer support.

5. General Assessment

November has historically been positive for both assets (average returns of 30–35%). However, macro uncertainties, weakening ETF flows, and market volatility may cloud this outlook in 2025.

In summary:

Ethereum appears to be a market leader with strong institutional fundamentals but slowing growth.

Despite its technological advantages and speed, Solana stands out as a riskier asset due to its high volatility and supply constraints.

Because the crypto market is highly volatile, it is recommended to seek professional advice before making investment decisions.