The spillover of risk appetite from US stocks and the penetration of traditional banking systems are subtly reshaping the landscape of public chains. A century-old institution, North Dakota State Bank, has directly chosen to deploy a tokenization project on a public chain, pairing it with a net buying inflow of $188 million in spot ETFs over a single week, allowing <$SOL > to exhibit a different kind of institutional pickup power around the $122 level. Wall Street and the traditional credit network’s screening of public-chain settlement channels is becoming a key point through which capital flows are redirected.
On the other side, the contest around Ethereum is shifting toward the technical foundation. <$ETH > is building up momentum at the $2,700 threshold, and the activation of the Glamsterdam upgrade by the Oct 6 Sepolia testnet will become a litmus test for upgrade expectations. Macro funds are weighing back and forth between traditional financial application scenarios and iterations of public-chain infrastructure, driving differentiated pricing for the two key public chains.
The next focus on the trading front is whether funds can form sustained resonance. If SOL can maintain strong support within the $115 to $118 range, it would indicate that institutional allocation positions still have room; meanwhile, ETH’s defensive depth within the $2,600 to $2,650 range will directly reflect the market’s ability to digest technical positives during the testing phase.
On the other side, the contest around Ethereum is shifting toward the technical foundation. <$ETH > is building up momentum at the $2,700 threshold, and the activation of the Glamsterdam upgrade by the Oct 6 Sepolia testnet will become a litmus test for upgrade expectations. Macro funds are weighing back and forth between traditional financial application scenarios and iterations of public-chain infrastructure, driving differentiated pricing for the two key public chains.
The next focus on the trading front is whether funds can form sustained resonance. If SOL can maintain strong support within the $115 to $118 range, it would indicate that institutional allocation positions still have room; meanwhile, ETH’s defensive depth within the $2,600 to $2,650 range will directly reflect the market’s ability to digest technical positives during the testing phase.