Ethereum is outshining Solona- Ethereum is finally outshining Solona
- ETH/SOL pair has broke down from the raising wedge pattern indicating clear bearish sentiment
- with the current bearish trend, we can expect the SOL/ETH pair to drop further down to 0.02630 range..
- This is clear sign the holder are preferring ETH or SOL
Stay tuned for more updates
Cheers
GreenCrypto
SOLETH trade ideas
SOL / ETH at Critical Inflection PointSOL / ETH loses the 50WMA.
Has been trading below it for the past 7 weeks, something we haven't seen since 2021.
Has also broken down from the 8 month bull flag / parallel channel. Retesting the key POI I've been eyeing.
HOPIUM: We've seen great rallies after CRYPTOCAP:SOL goes down ~40% vs CRYPTOCAP:ETH , which it is at now. We SHOULD see a turnaround here soon.
And I still believe SOL will greatly outperform ETH this cycle, especially when the ETF launches and Alt Season kickstarts.
Right now we're seeing a typical market cycle BTC > ETH > Large Caps > Mid Caps > Micro Caps
Solana v EthereumSOLETH 1day shows a beautiful longterm upward trend for SOL against ETH If you are in the race with Solana and Ethereum and can't decide where to park your bags you might get some insight from a chart like this one Price is now at/below the bottom of the bullish trend range against ETH but that could change with a fresh tailwind in the market and we should start to head into the top of range again There is no confirmation to bias SOL against ETH yet so our bet is on ETH until that changes We will be watching a few indicators to show the change in direction Green candles and green dots maybe a green momentum arrow the rsi has double bottomed in the oversold area and needs to show us a way back to 42 and the macd also needs to cross and begin to track upwards towards the 0.0 You can scan charts like this to 'follow the money'
You brought the narrative, now you pay the price. SOL/ETHSOL/ETH (Binance) is forming a clear ascending wedge on the weekly chart, a bearish pattern signaling a potential reversal after an uptrend. The price recently hit 0.087 near the wedge's apex, but momentum is fading as trading volume decline, a classic sign of an impending breakdown. RSI is sitting above 70, indicating overbought conditions and supporting the likelihood of a correction.
Key support lies at 0.075-0.080, but if that breaks, we could see a sharp drop targeting 0.03-0.04, aligning with historical lows and the wedge’s measured move. Keep an eye on RSI for confirmation of weakening momentum and watch for a clean break below support to enter a short position.
SOLANA has obliterated ETHERIUM in this bull market.We now know that approximately 70% of all daily blockchain fees are collected on Solana chain. This reminds us of Etherium in the previous cycle. Solana's being faster and cheaper, ETH L2's cannibalizing their mother chain in activity and fees, and complexity of execution in Etherium chain might be seen as the main reasons here (please comment if any more).
When we look at the price action, we see that CRYPTOCAP:SOL has outvalued CRYPTOCAP:ETH 1200% since the start of 2023. The interesting fact is that this uptrend has been intact since then. While ETH maxis, like a religious revelation, claim that ETH will rise from its ashes and beat BTC eventually, the fundamentals and technicals do not support this idea. I predict that unless dramatical fundamental changes happen, this trend will continue throughout the final stages of this bull market. So I continue to be long SOLETH
HTF SOLETH bullish thesis has strengthened. Flippening possibleWe previously made a medium time frame analysis on SOLETH and predicted a reversal of SOL v ETH
we have successfully reached those targets and now have reassessed.
Based on the metrics, technicals, not even mentioning a variety of onchain indicators and whale accumulation we believe SOL is going to continue on its upward movement against ETH.
Charts don't lie. We used to be very bullish and supportive of ETH and charts looked promising (see prior analyses), but ETH is now definitely in weak bullish mode at best or neutral mode at worst, while SOL is in a strong bullish mode.
Based on fib and some other indicators we can expect SOL to outperform ETH by 2.5-3x this cycle.
We are now convinced that the flippening long-awaited by the Ethereum community is bound to happen this cycle. However, not the way they wanted. Instead of ETH flipping BTC, it seems ETH will be flipped by SOL.
Position yourself accordingly.
SOL vs ETH. Who is Winning the Generational Battle for DeFi?Since September of 2023, Sol has crept up on ETH dominance, gradually and for the first time in 5 years broken the previous ATH before the current one.
Following that it immediately retraced and bounced from the resistance. A classic pattern indicating that the wind is behind it's sails, to use a metaphor.
It seems SOL here is ready to take off massively.
Next key levels to watch for:
0.079 next key resistance to watch for
0.096 possible profit taking
0.122 possible profit taking
SOL to lead ETH again? A possibilitySOL broke down its long term growth trend against ETH and entered a correction
that did not however preclude it from recovering
will SOL lead ETH again
and make vitalik seethe?
Charts show that upward continuation for SOL is possible
Maybe it will make a double top against ETH there
and start dumping against ETH for good
for now, the game is on and SOL outperforming ETH YTD already
A lot of hype on Solana, Here is the Solana as compared to EthThis is a ratio chart of SOL/ETH, you can see SOL dominated for 532 days straight. So due to the natural ebbs and flows of markets, we could expect to see SOL/ETH to decline as ETH starts to make a move from the lows and starts to make hew ATHs. Some have already swapped out of SOL and into ETH to get the most out of the upcoming move, however, that is not financial advice. Good Luck to all!