Source: Cointelegraph/TradingViewThe SOL/ETH pair gains follow a bullish week for Solana, which has increased by 35% over the last seven days, against a 13% increase in ETH price over the same timeframe. “The SOL/ETH chart has just flashed a sign of strength,” said pseudonymous trader Bitcoinsensus in an April 14 post on X, adding:“Solana has closed its highest weekly close against Ethereum in history, reflecting that we could see continued outperformance of the Solana Ecosystem.”Previously, the SOL/ETH ratio reached as high as 0.093 in January during a rally in crypto prices fueled by US President Donald Trump’s inauguration, which saw the price briefly notch a new all-time high of $295.
The trader cited Ether’s price consolidation around $2,000 on the CME chart before breaking out to all-time highs in 2021. “SOL is now showing a similar structure on the CME futures chart” as it trades with the $120 and $130 range, BitBull pointed out, adding that SOL could follow a similar breakout to all-time highs above $300.“Just like Ethereum's run in 2021, Solana is setting up for a massive move in 2025.”SOL CME Futures chart vs.ETH CME futures chart.
SOL/ETH ratio hits highest weekly closeThe SOL/ETH ratio, which reflects the value of Solana in Ether, rose to 0.080 on April 13, marking the highest weekly close ever, according to data from Cointelegraph Markets Pro and Binance.
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Author / Journalist: Cointelegraph by Nancy Lubale
The story "Solana rallies 20% against Ethereum, but is $300 SOL price within reach?" has 546 words across 23 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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