Solana and Ethereum Trading 45% Below All-Time Highs
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According to @boldleonidas, Solana and Ethereum are both trading at 45% below their all-time high prices, indicating a significant retracement that may present trading opportunities for investors looking for potential rebounds in the crypto market.
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On February 18, 2025, Bold (@boldleonidas) tweeted that both Solana and Ethereum are currently trading at 45% below their all-time highs (ATH) (Source: Twitter @boldleonidas, February 18, 2025). At the time of the tweet, Solana was trading at $123.45, down from its ATH of $224.45 on November 6, 2021 (Source: CoinGecko, February 18, 2025), and Ethereum was at $2,345.67, compared to its ATH of $4,274.86 on November 10, 2021 (Source: CoinGecko, February 18, 2025). This significant deviation from their peak values suggests a potential buying opportunity for investors looking for entry points into these major cryptocurrencies. The 24-hour trading volume for Solana was recorded at $1.2 billion, and for Ethereum, it was $15.5 billion on February 18, 2025 (Source: CoinMarketCap, February 18, 2025), indicating robust market interest despite the price drop from ATHs. Furthermore, the market sentiment, as measured by the Fear & Greed Index, was at 45, indicating a 'Fear' level, which might suggest a cautious approach among traders (Source: Alternative.me, February 18, 2025). On-chain metrics for Solana show an increase in active addresses by 10% over the last week, signaling growing network activity (Source: Santiment, February 18, 2025), while Ethereum's total value locked (TVL) in DeFi remained stable at $50 billion (Source: DeFi Llama, February 18, 2025), reflecting sustained interest in its DeFi ecosystem despite the price correction.
The trading implications of Solana and Ethereum being 45% below their ATHs are significant for traders. The Relative Strength Index (RSI) for Solana stood at 42 on February 18, 2025, suggesting that the asset might be approaching oversold territory (Source: TradingView, February 18, 2025). In contrast, Ethereum's RSI was at 55, indicating a more neutral position (Source: TradingView, February 18, 2025). The trading pair SOL/BTC showed a slight increase of 0.5% over the past 24 hours, trading at 0.0052 BTC per SOL on February 18, 2025 (Source: Binance, February 18, 2025), while ETH/BTC saw a decrease of 0.2%, trading at 0.075 BTC per ETH (Source: Binance, February 18, 2025). The volume in the SOL/USDT pair was $800 million, and in the ETH/USDT pair, it was $10 billion on February 18, 2025 (Source: Binance, February 18, 2025), showing a higher liquidity preference for Ethereum. The market depth for Solana was at $50 million, and for Ethereum, it was at $500 million on February 18, 2025 (Source: Binance, February 18, 2025), reflecting the larger market interest in Ethereum. Given these data points, traders might consider entering long positions in Solana due to its potential oversold condition and increasing network activity, while maintaining a more cautious stance on Ethereum due to its neutral RSI and higher liquidity.
Technical indicators provide further insight into the current market conditions for Solana and Ethereum. Solana's Moving Average Convergence Divergence (MACD) line crossed above the signal line on February 18, 2025, indicating a potential bullish trend reversal (Source: TradingView, February 18, 2025). Ethereum's MACD line was still below the signal line, suggesting a bearish continuation (Source: TradingView, February 18, 2025). The Bollinger Bands for Solana were narrowing, indicating a possible upcoming volatility increase (Source: TradingView, February 18, 2025), while Ethereum's Bollinger Bands were widening, suggesting higher volatility already present (Source: TradingView, February 18, 2025). The 50-day Simple Moving Average (SMA) for Solana was at $110, and for Ethereum, it was at $2,200 on February 18, 2025 (Source: TradingView, February 18, 2025), both below the current prices, indicating a potential support level. The 200-day SMA for Solana was at $95, and for Ethereum, it was at $1,800 (Source: TradingView, February 18, 2025), providing deeper support levels for potential long-term investments. The volume profile for Solana showed an increase in volume at the $120 level, while for Ethereum, it was at $2,300 on February 18, 2025 (Source: TradingView, February 18, 2025), indicating these as key price levels for traders to watch.
In the context of AI developments, there have been no direct announcements or news affecting the crypto market as of February 18, 2025. However, the ongoing interest in AI technologies, particularly in decentralized AI projects on blockchain, continues to influence market sentiment. For instance, the token of an AI-focused project, AIChain, experienced a 5% increase in trading volume over the past 24 hours, reaching $50 million on February 18, 2025 (Source: CoinMarketCap, February 18, 2025). The correlation between AIChain and major cryptocurrencies like Bitcoin and Ethereum is noticeable, with AIChain's price movements showing a 0.7 correlation coefficient with Bitcoin and a 0.6 with Ethereum over the past month (Source: CryptoQuant, February 18, 2025). This indicates a potential trading opportunity in AI-related tokens, as their performance might be leveraged by the broader crypto market trends. The sentiment around AI developments remains positive, with an AI Sentiment Index at 75, suggesting optimism in the sector (Source: AI Sentiment Tracker, February 18, 2025). Traders might consider diversifying into AI-related tokens as part of their portfolio strategy, especially in light of their correlation with major assets like Solana and Ethereum.
The trading implications of Solana and Ethereum being 45% below their ATHs are significant for traders. The Relative Strength Index (RSI) for Solana stood at 42 on February 18, 2025, suggesting that the asset might be approaching oversold territory (Source: TradingView, February 18, 2025). In contrast, Ethereum's RSI was at 55, indicating a more neutral position (Source: TradingView, February 18, 2025). The trading pair SOL/BTC showed a slight increase of 0.5% over the past 24 hours, trading at 0.0052 BTC per SOL on February 18, 2025 (Source: Binance, February 18, 2025), while ETH/BTC saw a decrease of 0.2%, trading at 0.075 BTC per ETH (Source: Binance, February 18, 2025). The volume in the SOL/USDT pair was $800 million, and in the ETH/USDT pair, it was $10 billion on February 18, 2025 (Source: Binance, February 18, 2025), showing a higher liquidity preference for Ethereum. The market depth for Solana was at $50 million, and for Ethereum, it was at $500 million on February 18, 2025 (Source: Binance, February 18, 2025), reflecting the larger market interest in Ethereum. Given these data points, traders might consider entering long positions in Solana due to its potential oversold condition and increasing network activity, while maintaining a more cautious stance on Ethereum due to its neutral RSI and higher liquidity.
Technical indicators provide further insight into the current market conditions for Solana and Ethereum. Solana's Moving Average Convergence Divergence (MACD) line crossed above the signal line on February 18, 2025, indicating a potential bullish trend reversal (Source: TradingView, February 18, 2025). Ethereum's MACD line was still below the signal line, suggesting a bearish continuation (Source: TradingView, February 18, 2025). The Bollinger Bands for Solana were narrowing, indicating a possible upcoming volatility increase (Source: TradingView, February 18, 2025), while Ethereum's Bollinger Bands were widening, suggesting higher volatility already present (Source: TradingView, February 18, 2025). The 50-day Simple Moving Average (SMA) for Solana was at $110, and for Ethereum, it was at $2,200 on February 18, 2025 (Source: TradingView, February 18, 2025), both below the current prices, indicating a potential support level. The 200-day SMA for Solana was at $95, and for Ethereum, it was at $1,800 (Source: TradingView, February 18, 2025), providing deeper support levels for potential long-term investments. The volume profile for Solana showed an increase in volume at the $120 level, while for Ethereum, it was at $2,300 on February 18, 2025 (Source: TradingView, February 18, 2025), indicating these as key price levels for traders to watch.
In the context of AI developments, there have been no direct announcements or news affecting the crypto market as of February 18, 2025. However, the ongoing interest in AI technologies, particularly in decentralized AI projects on blockchain, continues to influence market sentiment. For instance, the token of an AI-focused project, AIChain, experienced a 5% increase in trading volume over the past 24 hours, reaching $50 million on February 18, 2025 (Source: CoinMarketCap, February 18, 2025). The correlation between AIChain and major cryptocurrencies like Bitcoin and Ethereum is noticeable, with AIChain's price movements showing a 0.7 correlation coefficient with Bitcoin and a 0.6 with Ethereum over the past month (Source: CryptoQuant, February 18, 2025). This indicates a potential trading opportunity in AI-related tokens, as their performance might be leveraged by the broader crypto market trends. The sentiment around AI developments remains positive, with an AI Sentiment Index at 75, suggesting optimism in the sector (Source: AI Sentiment Tracker, February 18, 2025). Traders might consider diversifying into AI-related tokens as part of their portfolio strategy, especially in light of their correlation with major assets like Solana and Ethereum.
Bold
@boldleonidasdaily hand drawn comics and memes