Ethereum and Solana are showing early technical patterns that some traders believe could mark the start of a shift in momentum – and the signal comes from one of the most respected names in technical analysis.

Veteran chartist John Bollinger, creator of the Bollinger Bands indicator, has drawn attention to possible “W-shaped” formations developing on both Ethereum and Solana’s charts. These patterns, which form when an asset makes two consecutive troughs before turning higher, often precede trend reversals.

In short: the worst might be behind them.

Patterns Beneath the Surface

According to Bollinger, Ethereum and Solana are both forming structures that suggest sellers are losing conviction. Historically, the second dip of a W-bottom sits higher than the first – a clue that demand is beginning to absorb supply. Bitcoin, however, hasn’t yet mirrored the setup.

That divergence has traders speculating that altcoins could start outperforming. Ethereum’s recent momentum supports the view: the ETH/BTC pair has climbed over 7% in a week, signaling a steady flow of capital away from Bitcoin and into high-liquidity altcoins.

From Observation to Confirmation

Bollinger’s remarks carry extra weight because he correctly identified a similar pattern in Bitcoin earlier this year, right before a powerful rally. Market watchers note that if Ethereum and Solana follow the same playbook, the broader market could be gearing up for a rotation.

Ethereum has already inched higher to about $3,890, and Solana trades near $186, both gaining modestly over the past day. The steady grind upward, rather than explosive spikes, is often how early stages of recoveries unfold.

Institutional behavior appears to reinforce this quiet rotation. Portfolio data suggests that some large asset managers – including BlackRock – have recently trimmed Bitcoin exposure in favor of Ethereum allocations. That mirrors what’s happening on-chain: capital inflows toward ETH are holding firm even as Bitcoin’s liquidity stagnates.

Traders have started referring to the shift as the early rumblings of a new altcoin phase, when attention and liquidity gradually migrate from Bitcoin toward other major networks.

A Market Split in Two

Bitcoin remains range-bound, digesting weeks of volatility and heavy liquidation. Altcoins, on the other hand, are beginning to form structures that resemble early-cycle accumulation. If those W-patterns confirm, the market narrative could change quickly – from defensive positioning to cautious optimism.

For now, Bollinger’s message is simple: pay attention to where strength is quietly building. History shows that major reversals often start where the crowd isn’t looking – and this time, that might be Ethereum and Solana.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

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Filed under: Bitcoin - @ October 19, 2025 10:01 am