- BTC, ETH, and SOL have followed nearly identical price patterns, suggesting macroeconomic factors are driving the market.
- Key support and resistance levels indicated that a breakout or deeper correction could shape the next major move.
Bitcoin [BTC], Ethereum [ETH], and Solana [SOL] have exhibited a strong price correlation over the past two weeks, moving almost in unison.
This pattern raises key questions about whether macroeconomic factors, investor sentiment, or structural market trends are driving this alignment.
A closer look at their price action reveals how much each asset has declined and what this correlation means for traders moving forward.
BTC, ETH, and SOL show a strong correlation
Recent market data highlights that BTC, ETH, and SOL have been moving in close sync, with each asset experiencing similar peaks and troughs.
The correlation chart illustrated how their prices have mirrored each other, suggesting that broader market forces are influencing all three assets equally.
This alignment can often be attributed to market-wide sentiment shifts, liquidity trends, and institutional trading strategies that impact multiple major assets simultaneously.
Bitcoin price analysis: Struggling to hold support?
Bitcoin has seen a sharp decline in recent weeks, with BTC trading at $88,007, at press time. Also, the analysis showed a 9.3% drop in price from two weeks ago.
Source: TradingView
The 50-day Moving Average (MA) was at $92,749, acting as resistance. If BTC fails to reclaim this level, further downside pressure could push the price toward the $84,000 support zone.
Ethereum price analysis: A steeper fall
Ethereum has also suffered significant losses, with its price at $2,171, at the time of writing. The Price Range tool showed an 18.55% decline from previous levels.
Source: TradingView
ETH remains below its 50-day MA of $2,523, which is now acting as a major resistance level. A further decline could see ETH testing support around $2,100.
Solana price analysis: Can it recover?
Solana has mirrored the downtrend of Bitcoin and Ethereum but has seen more declines in the last two weeks. The tool showed a 19.44% decline from its price range two weeks ago. As of this writing, SOL was trading at $143.
Source: TradingView
The 50-day MA at $166 remains a strong resistance level. If bulls fail to push SOL above this mark, it could see further downside toward $135.
What’s fueling this correlation?
Several factors drive the synchronized movement of Bitcoin, Ethereum, and Solana, including macroeconomic conditions, regulatory changes, and investor sentiment shifts.
Inflation concerns and interest rate adjustments significantly influence risk appetite across financial markets, impacting these assets collectively.
Institutional trading patterns also play a role, as large investors often implement strategies involving multiple assets, creating synchronized price shifts.
Additionally, liquidity trends within the crypto market amplify this correlation. High liquidity levels enable rapid price swings, affecting multiple assets at once.
What’s next for BTC, ETH, and SOL?
The strong correlation among Bitcoin, Ethereum, and Solana highlights the importance of monitoring overall market sentiment over individual asset trends.
If Bitcoin holds above key support levels, ETH and SOL are likely to follow. However, failing to regain critical Moving Averages could result in increased downward pressure.
Traders should keep an eye on resistance breakouts, as these may signal whether the market is primed for recovery or another round of sell-offs.
Given the high correlation, the movement of one asset could indicate the potential direction of the entire market.
