The recent strong surge of $SOL , institutions are accumulating funds for SOL, with on-chain capital inflow!
Since April, there has been a net purchase of 3.1 million ETH from the Ethereum spot ETF, and the Ethereum treasury company has purchased 4.36 million ETH. Driven by these two major buyers, the Ethereum market has reached a highlight moment, rising from 1385 all the way up to 4957, breaking the historical high with a maximum increase of 2.57 times.
In contrast, SOL has shown relatively flat performance during the same period, characterized by a continuous decline in the SOL/ETH trading pair over the past four months.
However, SOL is about to welcome a turnaround. On one hand, the SOL treasury company has begun to make moves, with 36 SOL treasury plans emerging in just one day, totaling nearly 1.5 billion dollars.
On the other hand, multiple SOL ETFs are expected to be listed by October at the latest. Once SOL ETFs start to be listed in bulk, ETF buying will also begin to gain momentum.
From a technical perspective, the SOL/ETH pair shows a daily RSI divergence, indicating an oversold signal. Once SOL/ETH breaks through the short-term supply line's resistance, it will start to rise, at least rebounding to the resistance area.
This also means that SOL will likely outperform ETH in terms of growth and show stronger performance.
This is why Fa Ge has been promoting SOL during this period; today's trend clearly shows momentum far exceeding that of Bitcoin (BTC) and Ethereum (ETH). For those who didn't enter at the bottom yesterday, there is still an opportunity to enter at 201.
Opportunities are always reserved for those who are prepared; if you want to get in, hurry up!
