The post Solana Crashes Against Ethereum, Will This Trend Reverse Soon? appeared on BitcoinEthereumNews.com.

Solana saw a major drop against Ethereum in the last 24 hours, printing a large red daily candlestick as the SOL/ETH ratio fell 3.22% in this time frame. Based on the daily chart, Solana has been dropping against Ethereum since March 26, entering its sixth day of dropping, with today’s losses still the largest. The SOL/ETH ratio continues to trade near a two-year low, reaching levels previously recorded in June 2024. The Solana Ethereum ratio fell to an intraday low of 0.0392. On Feb. 6, the ratio reached a low of 0.0386. Elon Musk Names Surprising Advantage of Quantum Crypto Hacks Binance Delists XRP/TUSD Spot Pairing, Bitcoin’s Biggest Quantum Critic Drops 85% Prediction, Ripple Joins Standard Chartered in $1.1 Billion Round: Morning Crypto Report Following the crash, the daily RSI has reached the oversold level of 30, but oversold conditions are yet to be confirmed, with analysts hinting at a further drop before a potential reversal. You Might Also Like In a tweet, crypto analyst Ted Pillows suggests a further drop ahead, with the potential of a 25% to 30% drop before it bottoms. “SOL/ETH looks like it could dump anytime soon. IMO, this could drop another 25%-30% before bottoming,” Pillows stated. A 25% drop from current levels may see the SOL/ETH ratio target 0.029. On the other hand, if oversold conditions are confirmed, Solana may reverse its downward trend against Ethereum, potentially targeting the 2026 high of 0.046. Crypto market in red The crypto market edged lower on Tuesday as investors reassessed the outlook for Federal Reserve interest rates. In the last 24 hours, $305 million in crypto positions were liquidated; longs came in at $188 million, while short liquidations totaled $117 million. You Might Also Like Money markets are increasingly pricing in zero rate cuts from the Federal…

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Filed under: News - @ April 1, 2026 4:24 am