Ethereum's potential impact on Solana's price hike: An imminent Solana price surge?
The cryptocurrency market is still heavily leaning on Ethereum (ETH) at press time, with Solana (SOL) following close behind. According to Swissblock, Solana benefits from Ethereum rallies and the momentum of the altcoin season.
In July 2025, SOL surged past $155, tapping into a multi-week bullish trend, but has run into notable resistance around $160–$162. Technical indicators suggest that a sustained move above $165 could set the stage for further upside toward $175–$185. However, failure to break resistance could trigger a retracement towards $152 or even lower.
In contrast, Ethereum has exhibited a more stable and sustained upward trend, recently nearing $3,000. The market's response to these technical levels is critical; a decisive move above resistance could attract more capital, while a rejection could prompt a retest of lower supports.
When measured directly, the ETH/SOL ratio has fluctuated between approximately 14.34 and 17.51 over the past 30 days, reflecting underlying volatility but not a radical revaluation of one asset against the other.
Historical price data strongly suggests that Solana and Ethereum tend to move in tandem during bull markets, as both benefit from increased interest in smart contracts, DeFi, and NFTs. However, Solana is generally more volatile, with sharper rallies and corrections compared to Ethereum. During altcoin seasons, Solana often sees outsized gains relative to Ethereum, but these can be short-lived if market sentiment shifts or technical resistance levels hold.
Solana's price action is more sensitive to retail sentiment and tactical positioning, which can lead to sharper, but less sustained, movements. In contrast, Ethereum's rally is supported by both retail and institutional interest, with institutional players maintaining a consistent bullish bias.
Swissblock, a crypto insights platform, has issued a bullish rating for SOL, stating that the rotation of the market is setting up to be strong. They also noted that based on the altcoin market cap, we could be in 'Wave 5', the most explosive phase for the sector. Large players, including Galaxy Digital, have shown bullishness towards SOL's prospects, purchasing $55 million worth of SOL.
If the historical trend repeats, the SOL could potentially follow ETH's steps and extend its recovery above $180. However, profit-taking has hit an average of $400 million per day, which is relatively low compared to the profitability of $1B-$2.4B that marked the 2021 local peaks.
In conclusion, the strong correlation between Solana and Ethereum, combined with the current market context and technical indicators, suggest that Solana is likely to experience a significant breakout during an altcoin season. However, such a breakout is contingent on overcoming key technical resistance levels and maintaining positive sentiment among both retail and institutional traders. Ethereum, while less volatile, provides a supportive anchor for the broader smart contract ecosystem, and its upward momentum can help lift Solana—but SOL’s higher beta means both gains and declines are likely to be amplified relative to ETH. Traders should monitor SOL’s ability to breach resistance near $160–$165 and watch for shifts in funding rates and institutional positioning as leading indicators for a sustained breakout.
- Given the current market trends, Solana (SOL) might soon surpass $175–$185, as suggested by technical indicators, if it manages to sustain a move above $165.
- On the other hand, Ethereum (ETH) has displayed a steadier growth, recently approaching $3,000, with the potential for further advancements if it breaks the current resistance level.
- Over the past 30 days, the ETH/SOL ratio has varied moderately, indicating underlying volatility but not a drastic revaluation of one asset over the other.
- Swedish blockchain insights platform, Swissblock, has expressed a bullish outlook for Solana (SOL), stating that the current market conditions could lead to a strong rally, potentially mimicking Ethereum's recovery above $180.
