Ethereum price will likely embark on a parabolic rally after months of lackluster performance as Solana (SOL) ecosystem meme coins become extractive, where only insiders make money. Can the ETH price hit $10K as investors speculate on Solana’s implosion? Ethereum Price Revival Closer As Investors Speculate Solana’s Implosion as Meme Coins Become Extractive With meme coin mania hitting peak levels, Solana has become the go-to blockchain for launching meme coins. SOL’s value received a massive boost in 2024 and early 2025 due to the meme coin hype and Solana being the only competitor to Ethereum. Lately, the developments surrounding nation-states and top influencers launching meme coins that almost always crash 80% to 90% have caused a bad rep to the Solana ecosystem, which many suggest could lead to an implosion. Under such circumstances, Ethereum’s popularity will skyrocket. Can this push ETH’s value to hit $10K? Popular Coinbase supporter CBDuck added , “Another 87M extracted out of solana ecosystem. At this point, I don’t think ETH builders are worried, they are just patiently waiting for this imbalance of economical output vs. extraction to implode.” Another influencer, Lexaprotrader, said Solana and its ecosystem might be “headed to zero now.” “Three extremely extractive launches in a row. I can’t imagine a more bearish series of events. We basically have the leaders of the ecosystem acting like Sahil on steroids.” MoneyLord, a user on Twitter, also noted a similar take , saying that “Solana” was becoming an “extraction chain.” According to the investor, Solana “has no future.” With such bearish sentiments from investors and many investors losing money within a few minutes or hours, this Solana meme coin meta will likely end soon. X user with screenname ‘Palis’ added that the only way the meme coin meta would end is if the Solana ecosystem gets more project launches like Libra, where the “rotation rugs” are “swift, violent and extractive as possible.” According to Palsi, “We need every single public market participant who buys to lose, ALL of the gains to go to insiders. If we have anymore big launches like this, I hope they’re even *more* violent and *more* extractive Zero PNL screenshots on the timeline, zero profits anywhere to be heard of, zero long term copium narrative like Trump, only pain and suffering and devastation. This is the only way this meta ends.” The Solana ecosystem faces this dark and bearish fate that hints at capital and investor attention rotating to Ethereum. With Ethereum’s gas fees almost comparable to Solana’s , ETH might flourish again. Will this bullish phase push Ethereum price to end its uninspiring performance streak and kickstart a parabolic rally to $10K? Can ETH Hit $10K As Solana Investor Confidence Dampens? Ethereum price has been consolidating in a multi-year symmetrical triangle setup since late 2022. The February 3 crash failed to breach the triangle’s lower trendline. Instead, ETH is receiving support from this structure and will likely bounce higher, attempting a breakout. Ethereum’s symmetrical triangle setup was formed as the price produced lower highs and higher lows since late 2022. Connecting trend lines with the swing highs and lows shows a compressing trend with volatility declining. As the price reaches the triangle’s apex, it breaks out, leading to a volatile move. ETH/USDT 1-month chart Considering the above outlook, Ethereum price would attempt a bullish breakout from the symmetrical triangle. A conservative target for this setup is 77.61%, obtained by measuring the triangle’s height and adding it to the breakout point. On the other hand, a liberal outlook would note an Ethereum price forecast of an 184% rally from the breakout point of $3,500, which projects a target of $10,000. The post Can Ethereum Price Hit $10K As Investors Speculate on Solana’s Implosion? appeared first on CoinGape .
