- Solana broke under $ 150, while Ethereum defended $ 2,500 and the strength in the SOL/ETH ratio renovated.
- Sol visits a historically reactive support zone again.
Volatility is back and the market is active support test support support levels across the board.
In such environments with a high beta, more than ever, it is important for the price structure. The logic is simple: assets that defend the most important levels determine the stage for reversal games, while those who break down the risk that stair -wise sales pressure splits.
So, is Solana’s [SOL] Recent demolition that indicates a structural shift, one that clears the road for a deeper leg lower?
Solana revise a familiar launchpad
Looking at the landscape after benefits, Solana took the most difficult hit and gave up almost 15% of monthly highlights after he has not retained the level of $ 150, compared to the recent range of $ 180.
Meanwhile, Ethereum [ETH] Has it played through the book, successfully defending the support of $ 2,500 that opens the door for a potential recovery swing.
This divergence is reflected in the SOL/ETH chart, which this week fell to a low point of four months, lost 5% and strengthen the relative outperformance of ETH.
However, the setup is not completely skewed.
Source: TradingView (SOL/ETH)
Interestingly, this same support zone has fueled three important reversing rallies for SOL since September 2024.
If that historical pattern applies, Solana could approach an important bending point – one that can withdraw rotation flows again and reverse sentiment.
Can Sol’s core statistics go back a change?
Of course, the graph of Solana showed the relative strength index in a deeply sold -sold area.
A modest daily profit of 1.07% adds the weight to the bounce thesis, and points to short-term lighting. But under the surface, chain statistics show signs of reversal.
The daily token trading volume increased by 14.9% for Ethereum to $ 11.7 billion, while Solana was only able to increase an increase of 9.1% to $ 2.3 billion.
The metric reimbursements shows a wider gap: the weekly reimbursements of Ethereum rose by 107.7%, compared to the increase in the 16.6% of Solana. That is a signal from a stronger user activity and, possibly a greater conviction on the Ethereum side.
Source: Artemis Terminal
One graph bumper does not solve Fundamentals
With two weeks to go before Q3 starts, the performance gap will increase. Ethereum is on its way to close Q2 with almost 40% profits, more than Double Solana’s 17%.
It is not surprising that Ethereum will continue to show strong investor confidence and retains the $ 2,500 support level.
In the meantime, although Solana’s technical means indicate a potential rebound, the broader outlook remains bearish.
If the current trends persist, recent dips in Sol may not be able to represent any buying options, but they will rather explain at the start of a deeper decrease on the way to Q3.