Ethereum or Solana: Which Hits a New All-Time High First?

Core Insights - The crypto market is experiencing a bullish trend as October, referred to as "Uptober," begins, with Ethereum and Solana both rising by 5% [1] - The total market cap for cryptocurrencies gained 3.5% in September, contrary to predictions of a downturn [1] Group 1: Market Performance - Ethereum and Solana are the focus of speculation, with both altcoins nearing their all-time highs [2] - Prediction markets indicate a 62% chance for Ethereum to reach $5,000 before dropping to $3,500, reflecting increased confidence from a previous 32% [3] - Solana has a 52.4% chance of not reaching a new all-time high by the end of the year, requiring a 34.12% increase to hit its peak [4] Group 2: Technical Analysis - Fibonacci fans are used to analyze the potential price movements of Ethereum and Solana, incorporating time into price projections [5] - This method provides a roadmap for both price targets and expected timelines, which is crucial for comparing the two assets [6]