Is Ethereum Season Starting? SOL/ETH Chart Breakdown Says Yes

The SOL/ETH trading pair has just triggered a major technical breakdown, according to a recent chart analysis by BitcoinSensus.

A triple top formation at long-term resistance, coupled with three consecutive bearish divergences on the RSI, has led to a sharp move below a key ascending support line.

This confluence of signals is considered a macro bearish setup, potentially marking the end of Solana’s outperformance over Ethereum in recent months. The breakdown could now usher in a new phase of altcoin rotation — one where Ethereum regains dominance against Solana and possibly other Layer 1 competitors.

Triple Top + Bearish Divergence = Breakdown

The chart highlights three failed attempts by Solana to break above a major resistance zone on the ETH ratio. Simultaneously, RSI (Relative Strength Index) printed lower highs, even as price retested the same peak levels. This classic triple bearish divergence suggests weakening bullish momentum — a red flag in any trend.

Now that the diagonal support has been decisively broken, the chart points to further downside potential for SOL relative to ETH. BitcoinSensus notes that lower support levels could come into play soon, with the pair already sliding below 0.065 ETH.

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Altcoin Rotation in Play? ETH Season Speculation Grows

This development has revived discussion around the possibility of an Ethereum season — a market phase in which ETH significantly outperforms other altcoins. If Solana’s underperformance continues, traders may begin rotating capital back into Ethereum in anticipation of ETH-led momentum.

With Ethereum’s fundamentals strengthening post-upgrade and increased activity on Layer 2s, the market may now be at an inflection point in altcoin dynamics.

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