Spot ETFs Fuel Crypto Rally as Solana Targets $170 Next

Source: CryptoNewsNet Original Title: Spot ETFs Fuel Crypto Rally as Solana Targets $170 Next Original Link: Ethereum spot ETFs pulled in $164 million in net inflows on January 15 (ET), extending their winning streak to four straight sessions. The steady demand signaled improving confidence in large-cap crypto exposure through regulated products. Besides supporting market sentiment, the flow data also reinforced a broader risk-on tone across major assets.

Bitcoin spot ETFs posted a $100 million net inflow the previous day, also marking four consecutive days of positive flows. That back-to-back consistency suggested investors continued allocating to crypto in a measured way. Consequently, the ETF trend added a supportive backdrop for altcoins attempting fresh breakouts.

Additionally, Solana spot ETFs logged $8.94 million in net inflows, while XRP spot ETFs reported $17.06 million in net inflows. Although smaller than Ethereum’s total, the numbers showed interest expanding beyond Bitcoin. Moreover, these inflows arrived as several high-beta tokens tested key technical levels.

Solana Gains as Buyers Defend the Recovery

Solana traded at $143.34 on the day, rising 0.75% in 24 hours. The token also gained 2.64% over the past week, alongside $3.93 billion in daily trading volume. With roughly 570 million SOL in circulation, Solana held a market value near $81.01 billion.

Market watchers tied the move to a stronger price structure after recent volatility. Hence, traders shifted focus toward whether SOL can build a stable base above prior support. The current upswing also placed key resistance back in play after weeks of choppy trading.

$147 Becomes the Level That Decides Momentum

Crypto Tony said bulls must reclaim $147 to restore momentum for a push toward $155 and higher. He framed the zone as a major supply area tied to previous breakdown pressure. Significantly, a daily close above $147 could confirm a stronger trend and attract follow-through buying.

However, rejection at that level could keep SOL range-bound and invite a pullback toward $135. Traders also watched $130 as the recovery line that must hold. If buyers defend the downside, the structure still leans toward continuation.

Analysts See $170 as the Next Big Test

Gordon suggested SOL did not form a major bottom by accident, with $170 as the next target. He pointed to a rounded base that developed between $118 and $135. That pattern often signals accumulation when sellers lose control.

Moreover, he flagged $145–$147 as immediate support, with $138 as a secondary cushion. If SOL holds above those levels, the path toward $170 stays open.