ETH: Local Highs Form as SOL Trails 10%

ETH printed new local highs while SOL sits 10% below its prior peak, with trader @Pentosh1 noting crowded positioning in the latter and opening a quarter-size long in ETH at 1766. On the 4h chart ETH trades at $1870.39 inside a bullish structure defined by EMA50 at $1777.2 and EMA200 at $1753.08, yet price is already testing the upper Bollinger Band at $1846.47 with RSI(14) at 71.14 flashing overbought and MACD holding a golden cross at 7.81; that confluence points to probable near-term retracement toward the 50-EMA before any extension higher, consistent with the tweet’s observation that ETH/BTC sits just under prior resistance while ETH/SOL has ground higher over the past year.