It’s been a hectic few days in the crypto market, with an abundance of coins and tokens producing double-digit returns.

However, there’s been a marked slowdown in the growth of Ethereum (ETH) and Solana (SOL), leading investors to debate whether their recent uptick in momentum was only temporary.

Meanwhile, eco-friendly crypto project Ecoterra (ECOTERRA) continues making headlines – and has now breached the $5.3 million mark in its ongoing presale.

Turbulent Market Forces Prompt ETH & SOL Slowdown

At the time of writing, ETH is hovering around the $1,870 level, following a surprise surge earlier in the week.

This surge culminated in ETH breaching $1,900 before immediately retracing.

Ethereum’s recent price movements suggest a high volume of sell orders located around $1,900, which has halted the bullish momentum.

Moreover, although price has soared above the 20-day and 50-day Exponential Moving Averages (EMAs), movement over the past 24 hours suggests that a potential retest of these indicators is on the cards.

If this occurs, the price could drop back to $1,815 to use the 50-day EMA as a springboard for another push.

Meanwhile, fellow Proof-of-Stake (PoS) cryptocurrency Solana has also experienced a much-needed price rise, with the token briefly surpassing the $17 level.

However, much like Ethereum, the bullish momentum looks to have been temporary – with the SOL price dropping nearly 8% in the past 24 hours.

Data from CoinMarketCap reveals that the SOL trading volume has sunk by 40% in that time frame, indicating that traders are becoming increasingly cautious about Solana’s prospects.

Moreover, analytics from Solscan.io shows that the number of active Solana wallets has dropped from Monday’s high.

Long-Term Potential Still Positive for Ethereum & Solana

Despite these bearish indicators, investors are still relatively optimistic, given the broader context of the crypto market.

BlackRock’s recent application for a spot Bitcoin ETF has sparked life back into the market since it highlights that large institutions are still bullish on c