#SOL/ ETH ratio fell from 0.0868 to 0.0586,
$SOL underperformed $ETH. In the past 7 days,
$SOL inflow was $8.3 billion,
$ETH $6.2 billion, with
$SOL showing strong momentum.
$ETH has stable funding, bullish technicals, and low fluctuation, making it more sustainable in the short term.
$SOL rebounded due to ETF interest, but the resistance at $150-160 and overbought signals suggest a risk of pullback. If it breaks above $170, it may regain strength due to ETF/DeFi catalysts. Currently, institutions prefer
$ETH for risk/reward, while
$SOL has a good social sentiment but needs caution.
@glassnode