The SOL/ETH pair is flashing a bearish technical signal. However, both SOL and ETH are posting bullish setups on their respective USD pairs, suggesting a neutral consolidation could follow.
Solana is forming a textbook cup-and-handle pattern on the 3-day chart, with a breakout target near $267, implying a potential 60% upside from current levels around $165.
This setup is historically known to precede continuation rallies and marks a strong vote of confidence for bulls.
Ethereum, meanwhile, is breaking out of a large inverse head-and-shoulders structure. If confirmed, this classic bullish reversal could send the ETH price toward $3,800 — a roughly 50% gain from its current price near $2,767.
In short, both assets look poised to rally versus the US dollar. However, when compared head-to-head, these setups suggest the SOL/ETH pair may consolidate sideways, with neither asset significantly outperforming the other in the short term.
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