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![Studious_Crypto Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1804115416840589312.png) Studious [@Studious_Crypto](/creator/twitter/Studious_Crypto) on x 2612 followers
Created: 2025-07-17 15:52:27 UTC

4) Charts/Technical Analysis

This is the most important & most evident reason as to why ETH has been underperforming. 

Let’s focus on SOL/ETH, ETH.D & ETH/BTC.

SOL/ETH:

SOL/ETH had a rapid, parabolic move up. For over a year, it’s been in a rising wedge - vertically accumulating. This was to be expected, with Solana and memes being a focal point of Crypto, as I mentioned earlier.

ETH.D: 

Ethereum Dominance has been in a downtrend since early 2023. Liquidity flowed out of ETH and into BTC. This caused Bitcoin Dominance to push up higher. From a range-bound point of view, it capitulated all the way down to the range lows at its lowest point of support.

ETH/BTC:

Akin to ETH.D, ETH/BTC has been in a downtrend since 2023. During this time, ETH has consistently underperformed, with BTC leading the early cycle narrative. Technical levels showed that ETH would almost ALWAYS underperform against BTC.

Until, it hit a key support & demand zone in all three charts 💯

![](https://pbs.twimg.com/media/GwEiT22WIAAi2cj.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945874246972158272/c:line.svg)

**Related Topics**
[focal](/topic/focal)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)
[solana](/topic/solana)
[coins defi](/topic/coins-defi)
[coins made in usa](/topic/coins-made-in-usa)
[coins solana ecosystem](/topic/coins-solana-ecosystem)

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