Analyst Points to SOL as a Better Opportunity Than ETH Amid Support Holding

Solana Maintains Key Support, Emerging Stronger Than Ether

Solana (SOL) held firm near $233 on Tuesday, outperforming Ether (ETH) as the market showed signs of consolidation. CoinDesk Data reported SOL trading at $232.11 as of 12:30 UTC, moving within a $230–$238 range.

Analyst Insight
Altcoin Sherpa noted that SOL and BNB present stronger opportunities than ETH, citing favorable funding flows and market structures. With ETH already seeing significant gains, SOL and BNB may lead in performance if Bitcoin rallies. Sherpa maintains long positions in SOL and BNB, keeping limited exposure to ETH.

Technical Signals
SOL’s price tested $238.09 before retreating to support at $233–$234. Trading volume peaked at 1.5 million units during heavy selling on Sept. 15, with subsequent consolidation indicating a short-term floor. A minor breakout to $236.90 encountered resistance at $237.50–$238.

Trend Analysis
The 24-hour chart shows SOL consolidating in the $232–$234 band, while the one-month chart maintains an overall upward trajectory. The recent pullback suggests the token is stabilizing before potential upward momentum.