SOL/ETH Ratio Hits All-Time High: Is Solana Really Catching Up to Ethereum?
- Solana’s sharp momentum reveals reactive trading, but the long-term trend remains bullish.
- Ethereum’s steady climb and volume growth show consistent investor confidence.
- Solana faces resistance at $142, while Ethereum aims for a potential $1,675 target.
The Solana-to-Ethereum price ratio (SOL/ETH) touched a surprise all-time high earlier today, briefly showcasing strong Solana momentum versus Ethereum before pulling back sharply.
That initial excitement swiftly faded as the ratio retreated further, reflecting trader hesitation. As per Coingecko data, Solana now trades at 0.08582 ETH, showing a 1.4% decline over the past hour and a 1.9% drop in the last 24 hours. Despite this minor setback, SOL has gained 6.3% over the past week, underscoring its resilience and continued bullish trend since mid-2023.
Ethereum, meanwhile, demonstrated more measured gains, holding key support and reinforcing its market position. While Solana showed flashes of sharp momentum, Ethereum’s beh…
The post SOL/ETH Ratio Hits All-Time High: Is Solana Really Catching Up to Ethereum? appeared first on Coin Edition.
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SOL/ETH Ratio Hits All-Time High: Is Solana Really Catching Up to Ethereum?
- Solana’s sharp momentum reveals reactive trading, but the long-term trend remains bullish.
- Ethereum’s steady climb and volume growth show consistent investor confidence.
- Solana faces resistance at $142, while Ethereum aims for a potential $1,675 target.
The Solana-to-Ethereum price ratio (SOL/ETH) touched a surprise all-time high earlier today, briefly showcasing strong Solana momentum versus Ethereum before pulling back sharply.
That initial excitement swiftly faded as the ratio retreated further, reflecting trader hesitation. As per Coingecko data, Solana now trades at 0.08582 ETH, showing a 1.4% decline over the past hour and a 1.9% drop in the last 24 hours. Despite this minor setback, SOL has gained 6.3% over the past week, underscoring its resilience and continued bullish trend since mid-2023.
Ethereum, meanwhile, demonstrated more measured gains, holding key support and reinforcing its market position. While Solana showed flashes of sharp momentum, Ethereum’s beh…
The post SOL/ETH Ratio Hits All-Time High: Is Solana Really Catching Up to Ethereum? appeared first on Coin Edition.
Read More