Solana Prints Its First Death Cross Versus Ethereum — What Could It Mean For SOL, ETH Price?

Solana (SOL) has printed its first “death cross” against Ethereum’s native token, Ether (ETH), in a key bearish signal for the SOL/ETH trading pair.

SOL/ETH Technical Analysis — Can Solana Actually Crash in Ethereum Terms?

A death cross forms when an asset’s short-term moving average — in this case, the 50-day exponential moving average (EMA) — falls below its long-term 200-day EMA. This technical pattern is generally viewed as a sign of long-term weakness and often precedes extended downtrends.

SOL/ETH has completed this crossover for the first time, suggesting that Solana could continue underperforming relative to Ethereum in the coming sessions.

However, traders should approach the signal with nuance.

Death cross is a bearish indicator, but SOL/ETH is currently testing a historically significant ascending trendline support near 0.057. This level has triggered major bullish reversals in recent history, including a 75% surge in December 2024 and a 60% rally in March 2025.

If the trendline holds once again, SOL/ETH could stage another recovery toward its 50-day EMA (~0.0669) and potentially the 200-day EMA (~0.0671), marking a rebound of up to 10–12% from current levels.

Adding to the potential bullish case is a visible bullish divergence between SOL/ETH’s relative strength index (RSI) and its price action. The RSI is attempting to climb from oversold territory, hinting at building momentum beneath the surface.

The technical setup also coincides with growing optimism surrounding a possible Solana ETF. A recent amendment to a spot Solana ETF filing in the US has reignited interest in SOL as a long-term institutional asset.

If approved or acknowledged by regulators, such developments could dramatically improve Solana’s perceived credibility and drive capital rotation out of ETH and into SOL.

Will Solana Outperform Ethereum in the Coming Months?

The SOL/ETH pair is flashing a bearish technical signal. However, both SOL and ETH are posting bullish setups on their respective USD pairs, suggesting a neutral consolidation could follow.

Solana is forming a textbook cup-and-handle pattern on the 3-day chart, with a breakout target near $267, implying a potential 60% upside from current levels around $165.

This setup is historically known to precede continuation rallies and marks a strong vote of confidence for bulls.

Ethereum, meanwhile, is breaking out of a large inverse head-and-shoulders structure. If confirmed, this classic bullish reversal could send the ETH price toward $3,800 — a roughly 50% gain from its current price near $2,767.

In short, both assets look poised to rally versus the US dollar. However, when compared head-to-head, these setups suggest the SOL/ETH pair may consolidate sideways, with neither asset significantly outperforming the other in the short term.