Which will perform better in Q3 between Solana and Ethereum?
In the first half of the year, the second-largest cryptocurrency, Ethereum , struggled to overcome important resistance levels, while Solana performed brilliantly, marking a +25.4% in trading volume.
Despite a difficult market, interest in Solana continues to grow, leaving many investors wondering who will perform best in the third quarter?
Solana $SOL better than Ethereum $ETH ?
In 2025, the average monthly trading volume on Solana increased strongly. Trader interest remained constant and liquidity moved to its chain, despite market volatility.
According to the latest report from CoinGecko, last year the altcoin recorded an average monthly trading volume of $124.4 billion, while this year it has risen to $156 billion . This is a jump of 25.4%.
For comparison, Ethereum’s average monthly trading volume grew by just 9.7% over the same period, from $603.0 billion in 2024 to $661.8 billion in 2025.
While Ethereum retains the lead in absolute volumes, data shows that Solana has seen faster growth in trading volume since the beginning of the year.
Additionally, the Solana blockchain processes more than 100 million transactions daily and has an average of 500,000 active wallets. Interest is also growing thanks to protocols such as Jupiter and Meteora , which are attracting more users and liquidity. As of June 2025, Meteora has surpassed $750 million in Total Value Locked (TVL).
Ethereum Struggles to Break Resistance
On the weekly chart, Ethereum continues to show some weakness against Bitcoin. The altcoin has rallied from recent lows and is now trading around $2,474, but remains below both major exponential moving averages (EMAs).
The 200-week EMA is near $2,552, while the 50-week EMA is above, around $2,707. Since the asset is moving between these price levels, a consolidation phase could be taking place, which leaves many investors perplexed.
The RSI is at 51 in the neutral zone. A figure that indicates that the asset is neither “overbought” nor “oversold” , but that reflects a certain indecision in the market.
There is a chart pattern that is worrying. It looks like a large descending triangle or consolidation zone is forming, with support around $1500 and resistance near $3000-$3500. In comparison, the outlook for Solana looks decidedly more positive.
Solana marks +16% in one week
Solana was the best performer among the top crypto market caps, up 16.5% on the weekly chart.
The main reason for the asset's rise is the expectation of a possible approval for a spot ETF by the American stock exchange. For Bloomberg analysts , the market debut is now a certainty. The probability has in fact risen from 90% to 95% and they expect the green light in the coming months.
Meanwhile, the SEC, in addition to releasing new guidelines for funds, has approved Grayscale's request to convert its Digital Large Cap Fund into a spot ETF. The fund includes a basket of crypto assets, including Bitcoin, Ethereum and also Solana .
Additionally, the first Solana fund to integrate staking on the Cboe BZX Exchange launched on Wednesday. It’s the REX-Osprey Solana Staking ETF, ticker SSK.
Compared to the other top three cryptocurrencies, Solana is the one that shows the most bullish picture, if we look at the weekly chart. It is currently trading around the $158.12 level, above the 50-week EMA, which is around $150 and, more importantly, above the 200-week EMA, which is around $100.
Since the asset is above both exponential moving averages, it shows a bullish market structure that usually attracts buyers in the medium term. Therefore, Solana could perform better in the third quarter.
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