TradingView data show that the price of Ethereum rise increased by more than 19% on Monday (US time), increasing its market value by $700 billion, and a total market capitalization of $4390 billion. An increase market capitalization for Ethereum in one day is equivalent to almost 90% of the market value of SOL.

The expected approval of the launch of spot mutual traded funds (ETF) will make institutional attention turn towards Ethereum, and the market capitalization gap between Ethereum and the currency of competing projects such as SOL will increase in the coming months, analysts said.
As of about 4 p.m. essay time, Ethereum was the second largest digital asset in the world with a market capitalization of $453 billion, just below Bitcoin's $1.38 trillion market value. At the same time, SOL ranks fifth with a market capitalization of $82 billion.
Marex Solutions, co-head of digital assets, Ilan Solot, says: "The outlook for the short-term perspective for Ethereum is very bright. We should not make it too complicated. The related mutual traded fund announcement is almost Black Swan Event for most investors, as the markets are short and largely Ethereum abandoned, most Ethereum liquidity is secured in the foreclosure, and the macroeconomic background is also favorable. "(Queen Desk)