- Ethereum rose 4.68% in 24 hours, outpacing both Bitcoin and Solana’s daily gains.
- ETH’s trading volume surged 38%, signaling renewed investor interest and strong liquidity.
- Bitcoin gained 1.02% and Solana 4.59%, but both lagged behind Ethereum’s market momentum.
Over the last 24 hours, Ethereum (ETH) performed better than Bitcoin (BTC) and Solana (SOL) based on the latest information from CoinMarketCap. The price of Ethereum as of June 3 was $2,612.46, a 4.68% increase in the last 24-hours. However, Bitcoin’s rise was slightly lower with a gain of only 1.02% to $105,348.06. Meanwhile, Solana increased by 4.59% and its price rose to $161.36.
The latest rally in Ethereum began around 4:00 PM on June 2, with momentum building overnight. ETH peaked near $2,655 before finding support at $2,600. The bullish trend was reinforced by a 38% increase in trading volume, signaling renewed investor interest.
Source: Tradingview Bitcoin Sees Modest Uptick Amid High ETF Flows
While Bitcoin remains the largest cryptocurrency based on market capitalization, its 24-hour fluctuations were not as significant as those of Ethereum. Trade volume increased by 6.13% to $43.39 billion, mainly boosted by strong performance in U.S.-based spot Bitcoin ETFs. The U.S. spot Bitcoin ETFs now account for about 45% of global spot BTC volume, highlighting strong institutional participation.
Source: Tradingview Bitcoin’s immediate resistance lies near $106,500, with key support at $105,000. A sustained move above resistance could see BTC target the $108,000 to $110,000 range, but failure to hold above $105,000 risks a short-term drop toward $104,000.
Solana Rallies but Remains Behind Ethereum in Market Strength
Solana matched Ethereum’s positive price action with a 4.59% gain in the past 24 hours. SOL traded from an opening near $153.58 to close just above $161. Volume surged 26%, and the market cap reached $84.31 billion, reinforcing Solana’s position among the top digital assets.
Source: Tradingview Solana held at $153.50 and tried to break past $162 before dropping again. In spite of this, Solana still trails Ethereum in trading and price gains. Analysts believe that project growth and increased trading during Asian hours are why Solana regained ground.
Asian Trading Hours Gain Influence as Ethereum Leads
Trading data shows a growing share of global spot volume shifting to Asian and European hours. As investor activity continues to diversify, Ethereum stands out as the top performer in the latest 24-hour cycle, highlighting a shift in momentum within the crypto market.
Source: FalconX The latest data shows Asian trading hours now account for nearly 30% of global volume in BTC, ETH, and SOL. As U.S. participation in spot trading declines to approximately 45%, global markets are exerting an increasingly significant influence on price direction. According to FalconX’s research, non-U.S. portfolio flows may be supporting Ethereum’s recent rally, even as Bitcoin’s volumes shift toward ETFs and institutional products.
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