Mixed Crypto Outlook: Ethereum Rally vs. Short-Term Risk; Solana Eyes $270

I believe Ethereum is experiencing a strong bullish phase right now, but I also see concrete reasons it could suffer a short-term pullback. The current rally looks driven by on-chain activity and positive market sentiment, yet I remain cautious about possible corrective pressure.

I think Solana has upside potential, with an analyst forecasting a $270 target as DEX volumes surge despite some whale selling. The Elliott Wave setup and rising decentralized exchange activity are notable bullish signals in my view.

I note that U.S. political developments are adding macro noise: President Trump has suggested he may pursue legal action against Fed Chair Powell while pushing for rate cuts, a dynamic that could influence risk appetite and market liquidity.

I see meaningful infrastructure progress in crypto, as KuCoin’s partnership with DigiFT to support UBS’s Ethereum-based uMINT could expand collateral utility for RWA tokenization and attract institutional capital to tokenized assets.

I am also mindful of the legal closure surrounding Terra: Do Kwon’s guilty plea on fraud charges in the massive Terra–Luna collapse is a significant milestone for enforcement and reputational repair in the industry, but it also underscores lingering regulatory risks.