Solana Crashes Against Ethereum, Will This Trend Reverse Soon?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Solana saw a major drop against Ethereum in the last 24 hours, printing a large red daily candlestick as the SOL/ETH ratio fell 3.22% in this time frame. Advertisement Based on the daily chart, Solana has been dropping against Ethereum since March 26, entering its sixth day of dropping, with today's losses still the largest. The SOL/ETH ratio continues to trade near a two-year low, reaching levels previously recorded in June 2024. The Solana Ethereum ratio fell to an intraday low of 0.0392. On Feb. 6, the ratio reached a low of 0.0386. HOT Stories Elon Musk Names Surprising Advantage of Quantum Crypto Hacks Binance Delists XRP/TUSD Spot Pairing, Bitcoin's Biggest Quantum Critic Drops 85% Prediction, Ripple Joins Standard Chartered in $1.1 Billion Round: Morning Crypto Report Following the crash, the daily RSI has reached the oversold level of 30, but oversold conditions are yet to be confirmed, with analysts hinting at a further drop before a potential reversal. Advertisement You Might Also Like Sat, 03/07/2026 - 16:49 Solana at $84: Two Liquidity Clusters Might Decide Next Move By Tomiwabold Olajide In a tweet, crypto analyst Ted Pillows suggests a further drop ahead, with the potential of a 25% to 30% drop before it bottoms. SOL/ETH looks like it could dump anytime soon. IMO, this could drop another 25%-30% before bottoming. pic.twitter.com/O78xaVPjQv — Ted (@TedPillows) March 30, 2026 "SOL/ETH looks like it could dump anytime soon. IMO, this could drop another 25%-30% before bottoming," Pillows stated . A 25% drop from current levels may see the SOL/ETH ratio target 0.029. Advertisement On the other hand, if oversold conditions are confirmed, Solana may reverse its downward trend against Ethereum, potentially targeting the 2026 high of 0.046. Crypto market in red The crypto market edged lower on Tuesday as investors reassessed the outlook for Federal Reserve interest rates. In the last 24 hours, $305 million in crypto positions were liquidated; longs came in at $188 million, while short liquidations totaled $117 million. You Might Also Like Sun, 03/29/2026 - 09:33 'Extreme Fear' on Cryptocurrency Market: XRP, Ethereum, Bitcoin and Others Under Immense Pressure By Arman Shirinyan Money markets are increasingly pricing in zero rate cuts from the Federal Reserve for the rest of the year, according to the CME’s FedWatch tool. Federal Reserve Chair Jerome Powell said on Monday that he sees inflation expectations as grounded, with the Central Bank not needing to respond with higher interest rates. At the time of writing, Solana was trading down 3.12% in the last 24 hours to $81.39 and down 9.48% weekly. Ethereum was up 0.33% in the last 24 hours to $2072, but down 3.31% weekly. #Ethereum #Solana