Solana (SOL) has shown relatively stronger price movement than Ethereum (ETH) over the past month and longer. Both assets maintain a medium-term uptrend on the daily chart, but with MACD confirming short-term momentum weakening signals, the current phase is evaluated as one where further gains and a correction are both possible.

■ Return Comparison by Period: ETH Leads Short Term, SOL Dominates Medium Term

Comparing returns as of September 5, 2026, Solana rose 0.44% on the day while Ethereum fell 0.03%. Over the recent 7 days, Ethereum gained 0.50% while Solana fell 1.66%, making Ethereum relatively steadier in the short term.

The picture changes over one month or longer. Over the past 30 days, Solana rose 38.26%, outpacing Ethereum's 28.58% gain. Over 90 days, Solana recorded a 64.57% gain, higher than Ethereum's 56.43%. This means Solana's price elasticity was stronger than Ethereum's over the past month and three months. However, as Solana underwent a correction over the past week, it is hard to say it holds a one-sided advantage in short-term price movement.

■ Technical Indicators: MACD Bearish Signal Within Medium-Term Uptrend

Both assets show similar structures in technical indicators.

Ethereum's RSI(6) stands at 55.22, in neutral territory without tilting heavily toward overbought or oversold. Its price is above the 7-day, 25-day, and 99-day moving averages, and the moving average alignment maintains a bullish structure. The SuperTrend, which shows trend direction, is also in an uptrend. However, a dead cross occurred on the MACD four days ago and bearish signals have continued since, indicating weaker short-term upward momentum than before.

Solana's RSI(6) is 56.89, slightly higher than Ethereum's. Solana's price is also above its key moving averages, with both the moving average alignment and SuperTrend maintaining an upward direction. However, a MACD dead cross occurred just one day ago. As Solana's short-term bearish reversal signal appeared more recently than Ethereum's, it is also difficult to conclude Solana has fully escaped a short-term correction.

■ Rebound Strength: SOL Up 41.53% vs ETH 32.45% From 30-Day Lows

Solana leads in rebound strength. Solana is trading 41.53% above its 30-day low, while Ethereum is 32.45% above the same benchmark. This suggests Solana's price elasticity may be stronger when the market rises. Conversely, it also raises the possibility that Solana's swings could widen more than Ethereum's if market sentiment weakens.

■ Fund Flows: Warning Signs From Large-Trade Net Outflows

Warning signals also appeared in fund flows. On a one-day basis, the large-trade net outflow ratio was -8.68% for Ethereum and -0.72% for Solana. Ethereum's notably larger net outflow ratio can be seen as a burden on short-term supply and demand. As Solana is also in net outflow, it is difficult to judge that strong new buying is flowing into either asset.

■ Overall Outlook: SOL Dominance in Medium Term Coexists With Short-Term Correction Risk

In sum, Solana holds the upper hand over Ethereum in medium-term relative strength. Its 30-day and 90-day gains and its rebound from recent lows are all higher than Ethereum's. However, in the short term, both assets show MACD bearish signals, and net outflows are confirmed in fund flows. While the medium-term uptrend has not been damaged, rather than concluding that the uptrend will immediately reaccelerate, it is necessary to keep open the possibility of a period of sideways movement or further correction.

[※ This article was written for informational purposes about the cryptocurrency market and does not recommend buying or selling any specific virtual asset or guarantee investment returns. Price forecasts, support and resistance levels, and target prices mentioned in the article are scenarios based on technical analysis by market participants and may unfold differently from actual price movements. Cryptocurrencies are high-risk assets with extreme price volatility, and part or all of the invested principal may be lost. Investment decisions and their consequences rest solely with the investor, so please fully review market conditions and relevant information before investing. This article was written with AI assistance.]