Solana rally incoming? – How Ethereum could trigger SOL price surge

Key Points

1. Solana rallied 8% this week, with Swissblock issuing a bullish rating, suggesting momentum for a further surge if ETH traction holds.

2. Historical trends show SOL's impulsive rallies followed ETH upticks, and the current altcoin shift may mirror past explosive phases like 2017 or 2021.

3. The SOL/ETH ratio has dropped 44% since April, indicating ETH has outperformed SOL, but large players like Galaxy Digital remain bullish on SOL.

4. Profit-taking during SOL's rally averaged $400 million per day, but it remains muted compared to the $1B-$2.4B peaks seen in 2024.

5. BTC dominance has declined from 66% to 62.4% since late June, supporting the potential onset of an altcoin season.