Ethereum Soars 13% Amid Regulatory Boost, While Solana Confronts Critical Support Risks

In the latest market update within the Web3 space, Ethereum (ETH) rebounded by over 13%, reclaiming the crucial $1,600 level after a recent dip, buoyed by positive regulatory signals including the SEC’s approval for spot Ethereum ETF options. Simultaneously, Solana (SOL) is at a crossroads as it fluctuates between key support levels and resistance, with technical indicators pointing to a potential directional breakthrough at $200, while also warning of possible fallback levels around $118 and $94 if bearish momentum takes hold. In a different vein, Cold Wallet is emerging with its presale $CWT token, which is currently priced at $0.007. The token is backed by cutting-edge stealth tools and privacy-focused innovations, such as zero-knowledge protocols and private dApp connectors, positioning it as a potentially transformative asset for anonymous DeFi access. Investors are advised to monitor these developments closely, particularly Ethereum’s upcoming Pectra upgrade scheduled for May 7, 2025, which may further influence its short-term trajectory.