The SOL/ETH trading pair is moving sideways within a narrow range as the crypto market stabilizes following the rollercoaster in the first two weeks of August. Meanwhile, Ethereum price and Solana price struggled above key support areas on Friday as bulls battled to resume the uptrend.
Solana Price Sets Bearish Tone As Ethereum Staking Rises
A massive 16,000 ETH injection into the staking contract on August 14 confirmed a new pattern that investors are continually taking advantage of price volatility and correction to increase their staked holdings.
According to the on-chain analysis platform CryptoQuant, recent spikes in staking inflows coincided with noticeable drops in ETH price. The same thing happened during price volatility periods in July. If this trend continues, it might be prudent to avoid trading longs whenever there is heightened volatility in staking inflows.
Ethereum staking inflows | CryptoQuant
The SOL/ETH currency pair has been unable to uphold an uptrend for an extend

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