# **Ethereum-Solana Rebound Dozens of Percent After Market Turns Red**

Ethereum (ETH) and Solana (SOL) experienced significant recoveries on Monday night after United States President Donald Trump decided to extend the suspension of trade taxes on Canada.

This move follows a similar agreement with Mexico that has succeeded in easing concerns about a trade war in the North American region.

ETH, as the world's second-largest cryptocurrency, managed to rise again 13.15% to a level of US$2,881 after previously falling to US$2,135 per token during the Asian trading session. It is known, this decline is the largest in a single day since May 2021.

Meanwhile, SOL showed better resilience with a 13.5% increase, rising from a low of US$190 to US$216 per token.

On the other hand, Crypto Analyst at Presto Research Min Jung stated that leading crypto assets such as SOL and XRP were the leaders in the market recovery this time. Jung also explained that the suspension of tariffs on Canada and Mexico gave SOL an additional boost.

Moreover, Ethereum's rise came after Eric Trump's post on the X platform that touched on the cryptocurrency.

"I think this is a good time to increase ETH," he wrote.

-# Image Source: U.Today song

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