Ethereum at $2,200 & Solana Below $100: Time to Buy or Stay Away? ⚡
The "Black Sunday" tremors have hit the Altcoin market harder than Bitcoin. 🌪️ As we move into the second day of February, the two giants of DeFi and Web3—Ethereum (ETH) and Solana (SOL)—are testing multi-month lows.
The Altcoin Breakdown:
🔹 Ethereum (ETH): ETH has plummeted over 20% from its recent highs, currently struggling to hold the $2,200 support. With over $1.1 Billion in ETH liquidations, the sentiment is mirroring the stress of the FTX era.
☀️ Solana (SOL): SOL has officially slipped below the psychological $100 mark, trading around $97. A security breach at Step Finance ($30M loss) has added extra pressure on the Solana ecosystem.
🤖 AI Coins Resilience: While the majors are down, AI-centric projects like The Graph (GRT) and Bittensor (TAO) are showing interesting accumulation patterns despite the dip.
My Veteran View (1.6 Years on Square):
Historically, Altcoins bleed the most during a BTC flush, but they also provide the fastest "V-shaped" recoveries once stability returns. I am watching the RSI on the daily charts—both ETH and SOL are nearing "Oversold" territory (below 30), which often precedes a relief bounce.
Which Altcoin are you betting on for the recovery?
🔹 ETH (The Layer 1 King)
☀️ SOL (The Speed Demon)
🤖 AI Tokens (The 2026 Narrative)
👇 Drop your favorite Altcoin below! Let’s find the next gems together. 💬
⚠️ Disclaimer: This post is for informational purposes only. Altcoins are highly volatile. Always conduct your own research (DYOR).
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