- Peter Brandt highlighted a bullish cup and handle pattern on the SOL/ETH chart, suggesting Solana could double in value against Ethereum.
- The chart shows key resistance near 0.085, with targets at 0.1109 and 0.2098, implying a potential 100%+ breakout for SOL.
- Brandt referred to Ethereum as “invalid,” emphasizing shifting sentiment as Solana gains traction, supported by rising volume and ARK Invest’s recent SOL investment.
Veteran trader Peter Brandt has stirred the pot again—this time turning his attention to the Solana (SOL) vs Ethereum (ETH) battle. In a fresh post on X, he shared a chart showing what he says is a textbook “cup and handle” (C&H) pattern forming on the SOL/ETH pair. And yeah, he didn’t hold back.
“By the way, this C&H pattern is still playing out. SOL has lots of room to gain on its invalid cousin, $ETH,” Brandt wrote. Ouch.
Chart Pattern Signals Big Breakout Potential
The chart he posted is a weekly SOL/ETH snapshot from TradingView. And sure enough—it’s got that classic rounded bottom (the “cup”) followed by a smaller dip and sideways action (the “handle”). Traders love this stuff. It usually suggests that a breakout to the upside is in the cards.
Right now, SOL/ETH is hovering near the resistance level marked by a dotted line—just above 0.085. If SOL breaks above that and holds, Brandt’s chart hints at price targets of 0.1109 and even 0.2098. That’s a potential move of over 100% against ETH. Not something to sneeze at.
Basically, if this pattern plays out fully, Solana could absolutely fly past Ethereum in performance terms. We’re talking a real shift in who’s leading the smart contract race.
More Bullish Signals for SOL
But it’s not just about one pattern. Other technical indicators on Brandt’s chart are flashing green for Solana too. Weighted moving averages are trending upward, and trading volume’s been picking up—both signs that there’s some real muscle behind this move.
It’s worth noting that Ethereum, on the flip side, isn’t exactly in top form. Brandt even called ETH “invalid” in his tweet—a jab that echoes what many traders are starting to feel: Solana’s no longer the underdog. It’s a serious challenger now.
Add to that the recent investment from Cathie Wood’s ARK Invest—who just made their first direct move into SOL—and the spotlight’s definitely shifting.
If this pattern plays out, Ethereum might need to watch its back… Solana could be stealing the show.
