Solana breaks above $180: Is SOL on the path to outshine Ethereum?

Key Points

1. Solana (SOL) broke through the $185 supply wall, marking its third key resistance breakthrough this month with a 5.25% daily gain.

2. The SOL/ETH ratio, previously in a downtrend, is showing signs of reversal, with historical patterns suggesting SOL could outperform ETH by 2.5x.

3. ETH is approaching the $4k mark, but signs of buyer fatigue may create opportunities for SOL to gain relative strength.

4. A dense realized volume cluster between $165-$185 has acted as resistance since mid-Q1, but SOL's breakout suggests growing market greed and potential for further gains.

5. Factors like an overextended ETH/BTC ratio, ETH overvaluation concerns, and SOL's resistance breakouts favor SOL's relative outperformance.