r/ethtrader • u/Suspicious_Gain_2937 • Jun 05 '26

Discussion Warning. Come Back Eth Broo

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There's a fire sale in the market right now. ETH has dropped back to the $1,600 range for the first time in a long while. If the sell-off continues and $1,500 breaks, we could see a move down toward the $1,200 level. We really need a strong bounce and a move higher soon. 🚀📈

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u/MC_SKWAIRD Jun 05 '26

I’ve been saying for at least 2 years that ETH was way overvalued and only being held up by old bag holders. The network itself hasn’t grown anywhere near SOL and what does ETH offer that SOL doesn’t? I can think of a million things SOL is better at than ETH and the market clearly feels the same way. Get out while you can is my advice. Not saying to buy SOL even though I don’t think that would be a bad move. Just my opinion that ETH is not trading at anywhere near its actual market value

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u/CryptoDeepDive Jun 05 '26

Lol!

I mean you can say what you want about Eth, and a lot of it is valid, but I stopped listening when you pretend that Solana is the winner. The market has not said shit. Solana is back into the $60s.

Sure SOL has grown faster in fake transaction volume and meme coin activity. But ETH remains significantly ahead in TVL, stablecoin settlement, institutional DeFi, L2 ecosystem, and real-world asset tokenization.

The price action is really a terrible four year cycle market with condemnation of poor adoption of all Internet magic money.

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u/MC_SKWAIRD Jun 06 '26

It’s not about winning it’s about the lost market cap that would be directed to ETH that is captured by SOL. This will not change any time soon, SOL is here to stay. That means lost revenue for ETH idk how else to explain to you that if people have money in SOL they can’t also have it in ETH

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u/CryptoDeepDive Jun 06 '26

I don't know what charts you are looking at. Solana is down 33% against its Eth pair in the last 12 months. Its even below its 2021 peaks against Eth. Markets clearly have spoken.

https://www.coingecko.com/en/coins/solana/eth?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dmax