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SOLETH trade ideas

Token not neededSolana attempted to be a layer 2 to ETH in the interim while ETH was building out proto danksharding. Narratives - 1. Base on ETH has began to garner a significant amount of capital. Solana's only value prop is memecoins. If a chain secured by Ethereum's base layer can do the same, what's the point of launching on Solana unless you're trying to run a pump and dump. 2. We're getting late in the cycle, especially if this cycle in the case of a left translated cycle. Majors topping and starting a bear market does not typically bode well for Solana.
Short
by limit_buy_69
SOLETH Top Is InAfter the recent approval of the Ethereum ETF, I anticipate a shift in momentum from Solana to Ethereum. When comparing the two networks, Ethereum's robust security model and scalability enable it to support the tokenization of real-world assets through layer-two networks like BASE, Optimism, and Arbitrum. While Solana may attract more retail attention through memecoin speculation, its long-term viability is questionable due to frequent network outages. Although Solana and Phantom offer lower fees and a more user-friendly interface compared to MetaMask, this advantage is negligible considering the potential for trillions of dollars in real-world assets to be moved on-chain via tokenization. In conclusion, Ethereum is the preferred network for Wall Street (BlackRock) to build the stock market 2.0 through the tokenization of securities and real-world assets. Solana has had an impressive run, but Ansem's main character arc has peaked, while Vitalik's is just beginning. This shift will also likely mark a peak in SOLETH.
Short
by HashxCapital
Solana - Dethroned...for nowWith the recent ETH etf hype, I thought it was time to check back up on my SOL/ETH chart and as expected there have been some major developments. Based on the chart it looks like ETH with take back the throne and out perform SOL for the time being. What this chart shows is that we have seen major supply (or Solana being converted into ETH) in this red box. This has also created a triple bearish divergence on the weekly with higher highs vs lower highs on the weekly RSI. Once SOL/ETH is able to break above that red box, we will see Solana take back the throne and enter its massive bull market.
by VIAQUANT
SOL/ETH Analysis - May 21 2024when SOL/ETH chart is rising, it means SOL is doing better compared to ETH (in both pumps and dumps - rising more in pumps and dropping less during market dumps) and when it's in a downtrend, it means ETH is better compared to SOL. this is the 3D timeframe, as can be seen, it is already in resistance zone and it seems it's gonna break below the white trendline and ETH shall fully take over when the blue trendline is broken. many altcoins are launched on ETH network, so basically pump in ETH shall lead to pumps in many coins.
by AlgoBotTrading
Solana - How much upside remaining?That's the question right? Assuming Bitcoin price is relatively unchanged, with buyers and sellers ahead of a reported ETF launch... Will we see another 5% prior to a pullback, or another 45-50%? The Solana-Ethereum valuation is close to the top with another 5-6% remaining. Will that be a catalyst for more profit-taking? What are the communities thoughts? How are you evaluating potential from here? Regardless, let's say we do get another 50%. There has to be a less-risky way to make 50% than on an asset that has ridden the parabolic hype-train over the last month. That's the point I am keeping in mind as we enter 2024.
by chillcrypto
Solana hit it's target, caution from hereSolana been on a good run but did hit it's breakout target out of the W formation against ETH. I would stay cautious at this point, also because I believe it's way overvalued and just running on hype. Many superior chains with more adoption around, but that's just my opinion. Ethereum however, still is the main chain and didn't run as of yet. I expect that to change once the alts market breaks out from accumilation. In that case we could first see some ETH dominance and alts like SOL bleeding up to 50% against it - in line with the zone of imbalance in this chart.
Short
by cryptobullethbtcxlm
SOLANA UPDATE 2023Solana's Firedancer Testnet Sparks 80% Gain Solana, often called the "Ethereum killer," has surged by an impressive 80% in the past month, thanks to the launch of its Firedancer testnet – a much-anticipated scaling solution. This surge has rekindled investor optimism in Solana, and its native token, SOL, has seen an 81% price increase in the last month, reaching over $41 on November 2. This recovery is significant, considering that Solana was down 84% from its all-time high. It's now emerging as a strong contender in the crypto space, outpacing even Ethereum in recent gains.
Long
by IPatrice
SOL/ETH SIDEWAYS CONSOLIDATION Looking at SOL/ETH chart we can see that it has been trending down since the early days of the bear market. Reason being the SOL network was experiencing challenges such as network instability, dApps hacks and FTX collapse. But now many things has changed, the SOL ecosystem has been thriving like never before, the network has been up and stable for long streaks and even on par with other numerous big players in the Market. Let’s put the fundamentals aside, technically when an asset is consolidating sideways, a trend reversal is very likely. When both are strong things usually take turns.
Long
by JeremyLight
SOLETH OpportunitySolana (SOLETH) pair weekly chart is presenting us with a great opportunity to grow our ETH holdings with a SOLETH trade over the next several months. This is based on the weekly chart so it will take 2-3 months to play out. Solana is getting ready to gain against ETH. This could happen in several ways. One way simply is that SOL gains in price in a significantly faster pace against the ETH . Another way it could happen is that ETH falls while SOL stays pretty stable range bound. The right side of the chart is showing possible USD valuation of the move while the chart on the left side is the SOLETH pair. Either way I'm expecting an exponential move in SOL price on the way to .618 fib retracement levels. I'm exchanging some of my ETH to take this trade. Again regardless of the USD price, the goal is to accumulate more ETH in the long run. And if it doesn't work I have a great allocation of SOL that I don't mind holding for the long term. My initial price target for SOL is $30. If we break that on a weekly close, my next target is $46. I will be taking profits back to ETH, if we hit those levels. Not a financial advice so DYOR.
Long
by CryptoBreakers
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