AlgoBotTrading

SOL/ETH Analysis - May 21 2024

BINANCE:SOLETH   SOL / Ethereum
when 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.
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