SOL/ETH on the Daily
On June 17, 2025, a death cross formed — and since then, SOL has been steadily losing ground to ETH.
Attempts to pause or reverse the trend at the 0.382 and 0.5 Fib levels have failed. Momentum is strong to the downside.
The next potential support is the 0.618 Fib, around 0.04000.
In my view, this is closely tied to Ethereum’s dominance narrative: ETF inflows, real-world assets, stablecoins, Trump support, protocol upgrades — the spotlight is firmly on ETH.
Unless SOL gets its own ETF (which, to my knowledge, it currently doesn't), it’s likely to keep bleeding against ETH — just like other altcoins in similar positions.
Bias: bearish until proven otherwise.
Always take profits and manage risk.
Interaction is welcome.
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