Solana is forming a double bottom pattern on its weekly chart, a technical structure often associated with trend reversals. According to analyst Rekt Capital, a weekly close above the $90 level would confirm the pattern and open a path toward the $99.06 to $123.28 supply zone. This area previously acted as major multi-month support but has now flipped into potential resistance.
The analyst noted that a post-breakout retest of $90 as new support would be the next key step, though a full retest may not be necessary based on Bitcoin's historical double bottom behavior. At press time, SOL trades at $85.68, down 1.9% over the past 24 hours but up slightly on the week.
Ethereum faces a different technical picture. Rekt Capital highlighted the $2,400 zone as a historically pivotal level that has switched between support and resistance at major macro turning points, notably in mid-2022 and early 2025. A monthly close above $2,400 could trigger a relief rally, while failure to reclaim it keeps the zone acting as resistance. Trader Luca identified $2,700 as the next resistance and noted that a break below the current support band could expose ETH to a deeper pullback toward $2,100.
At reporting, Ethereum trades at $2,326.76, down 2.69% in 24 hours. The divergence between Solana's constructive pattern and Ethereum's resistance struggle suggests a potential market rotation, with capital shifting toward assets showing clearer technical setups.
