The digital currency market has seen a significant rise in prices recently, with Bitcoin (BTC) surpassing $65,000. Ethereum (ETH), a leading altcoin, has reclaimed the $3,000 mark, signaling a bullish trend in the cryptocurrency sector. Similarly, Solana (SOL) has broken through its key resistance level of $155.25, gaining 14.26% in the last 24 hours. With renewed optimism in the market, could top Layer-1 (L1) tokens like ETH and SOL outshine other cryptocurrencies in the upcoming month?

Ethereum's Potential Breakout:

Following an 80.80% increase in February, Ethereum faced resistance at $4,094.75 in mid-March. Subsequently, it entered a downward channel pattern, reflecting bearish sentiment. However, a recent market upturn has pushed ETH back above $3,000 and towards breaking its resistance trendline, indicating growing buying interest.

The MACD indicator on the daily chart shows a stable trend but with bullish convergence, hinting at a positive trajectory for Ethereum's price. Maintaining support above $3,000 could lead to a test of $3,250, while a drop below $3,000 may signal bearish momentum this week.

Solana's Bullish Momentum:

Solana's price has consistently formed higher lows, suggesting increasing buying pressure. Approaching a breakout from its resistance zone, SOL shows promise for further gains. The MACD histogram is rising, indicating stronger buying pressure, with averages supporting a bullish trend for Solana's price.

If bulls breach the resistance zone, Solana could rally towards $200, but a bearish turn might push it down to $126.75 in the near term.

On-chain Insights:

Currently, Ethereum's Total Value Locked (TVL) stands at $131.959 billion, up 3.47% from the previous day, while Solana's TVL is $10.556 billion, marking a 9.32% increase. Ethereum has gained $8.516 billion (6.89%) since the month began, compared to Solana's $2.043 billion increase.

Ethereum boasts 386,161 active addresses and 1.2 million transactions, while Solana has 841,149 active addresses and 27.52 transactions, showing significant activity on both chains.