That is visible in how the SOL/ETH pair performed during and after the Oct. 9 crypto market crash.
The instrument plunged by as much as 11% after US President Donald Trump reignited fears of a trade standoff with China, triggering a $20 billion liquidation event.
It shows traders favored comparatively safer cryptocurrencies like Bitcoin and Ethereum amid a broad flight from riskier assets. Can the SOL/ETH trend continue in Q4? Let’s examine.
The SOL/ETH pair appears to have confirmed a breakdown from a symmetrical triangle pattern that had been forming since August.
The bearish continuation setup, typically signaling a pause before the prior downtrend resumes, emerged after the pair failed to break above its multi-week resistance near 0.0524 ETH.
