Recent price action data of Ethereum and Solana against Bitcoin shows that both ETH/BTC and SOL/BTC have been moving in a similar trend. Both the crypto currencies have recorded steep downfalls and then steep upswings followed by sharp downturns again. These patterns suggest a recurring cycle in their performance against Bitcoin, potentially indicating future trends.

Evaluating Ethereum by its performance against Bitcoin, there was a drastic decline of 90% between 2017 and 2019. However, following this decline Ethereum bounced back by rising by about 500% in the following years. However, despite the recovery, ETH/BTC has been on the decline again recording a 56% drop from its all-time high. This fluctuating pattern of steep drops and subsequent robust rebounds indicates the cyclical nature of Ethereum's performance relative to Bitcoin.
Solana’s Similar Trajectory Against Bitcoin
The trend of Solana against Bitcoin also follows the same path. Between 2021 and 2023, SOL/BTC fell by approximately 90%. After this steep decline Solana has shown a remarkable bounce back with its gains of about 500%. But just like what happened to Ethereum, Solana is currently on a downtrend with a 27% drop. The decrease is lower as compared to Ethereum. However, it still demonstrates the same behavior that Ethereum did in earlier cycles.
The chart of these two crypto currencies shows their prices move in sync with Bitcoin. They have all recorded 90% declines, sensational rebound of 500% and are currently undergoing another round of decline. While Ethereum has already dropped by 56%, Solana's decline stands at 27%.

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Candlestick Pattern For Crypto Threaders.

The image shared is a candlestick patterns cheat sheet commonly used in technical analysis for crypto markets. It categorizes patterns into Bullish, Bearish, and Neutral, helping traders predict potential price reversals or continuations in market trends.
1. Bullish Patterns (Reversal and Continuation):
Reversal Patterns: Indicate a potential shift from a downtrend to an uptrend.
Hammer: A small body with a long lower shadow, showing potential bullish reversal.
Inverted Hammer: Appears after a downtrend; small body with a long upper shadow.
Bullish Engulfing: A large bullish candle that fully engulfs the previous bearish candle.
Morning Star: A three-candle pattern signaling a bullish reversal after a downtrend.
Tweezer Bottom: Two candles with similar lows, signaling the end of a downtrend.
Continuation Patterns: Suggest the ongoing upward trend will continue.
Rising Three Methods: A pattern with three short bearish candles within an uptrend, confirming bullish strength.
Bullish Three Line Strike: A three-candle pattern with a final large bullish candle engulfing the previous candles.
Bullish Mat Hold: Consolidation during an uptrend, followed by further upward movement.
Three White Soldiers: Three consecutive bullish candles with higher closes, showing strong upward momentum.
2. Bearish Patterns (Reversal and Continuation):
Reversal Patterns: Signal a potential shift from an uptrend to a downtrend.

Hanging Man: A small body with a long lower shadow after an uptrend, warning of bearish reversal.
Shooting Star: A small body with a long upper shadow, showing weakness at the top of an uptrend.
Bearish Engulfing: A large bearish candle that fully engulfs the previous bullish candle, signaling a downtrend.
Evening Star: A three-candle pattern signaling a bearish reversal after an uptrend.
Tweezer Top: Two candles with similar highs, indicating a potential end of an uptrend.
Continuation Patterns: Suggest the ongoing downward trend will continue.
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