A widely followed trader believes that Solana (SOL<\/a>) is in a position to massively outperform its rival Ethereum (ETH<\/a>).<\/p>\n Seasoned trader Peter Brandt tells his 723,800 followers on the social media platform X that the SOL\/ETH chart is now trading very close to a key resistance level.<\/p>\n Brandt says that Solana may witness 100% gains against Ethereum if the pair manages to shatter the resistance area.<\/p>\n \u201cThe SOL\/ETH chart is at huge resistance. Resistance = supply. <\/em><\/p>\n If this supply line is absorbed, then there is a prospect of SOL doubling in value vs. ETH.\u201d\u00a0<\/em><\/p>\n Looking at the trader\u2019s chart, he seems to predict that SOL\/ETH will reach a value of 0.11009 ETH ($377.72) if the pair takes out the horizontal resistance at 0.055 ETH ($188.70).<\/p>\n At time of writing, SOL\/ETH is trading for 0.0521 ETH ($178.75).<\/p>\n Brandt also says<\/a> that he prefers owning Solana and Bitcoin (BTC<\/a>) over Ethereum based on his technical analysis. The trader shares a chart that suggests Ethereum has broken a critical support level against Bitcoin (ETH\/BTC).<\/p>\n \u201cAs a post note, I am a chart-based swing trader. I would not hesitate taking a leveraged long position in <\/span>ETH<\/span> if the charts so indicated. A chart is a chart is a chart.\u201d <\/span><\/em><\/p>\n Based on the chart, Brandt appears to suggest that ETH\/BTC has breached the support level of 0.05 BTC ($3,485). At time of writing, ETH\/BTC is worth 0.04931 BTC ($3,424).<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE-3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed trader believes that Solana (SOL) is in a position to massively outperform its rival Ethereum (ETH). Seasoned trader Peter Brandt tells his 723,800 followers on the social media platform X that the SOL\/ETH chart is now trading very close to a key resistance level. Brandt says that Solana may witness 100% gains […]<\/p>\n","protected":false},"author":2,"featured_media":182838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-279840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=279840"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279840\/revisions"}],"predecessor-version":[{"id":279842,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279840\/revisions\/279842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/182838"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=279840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=279840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=279840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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