The SOL/ETH trading pair has experienced a major technical breakdown, signaling a potential end to Solana's outperformance over Ethereum.
A triple top formation at long-term resistance, combined with bearish divergences on the RSI, led to a break below a key ascending support line.
This breakdown may lead to a new phase of altcoin rotation, where Ethereum regains dominance over Solana and other Layer 1 competitors.
Discussion intensifies about the start of an 'Ethereum season' as traders anticipate capital rotation back into Ethereum due to Solana's underperformance and Ethereum's strengthening fundamentals post-upgrade.