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Solana’s SOL<\/a> has rallied more than 20% against Ether (ETH<\/a>) over the last seven days, and a trader is eyeing a potential breakout to $300, which would mark new all-time highs.<\/p>\n The SOL\/ETH ratio, which reflects the value of Solana in Ether, rose to 0.080 on April 13, marking the highest weekly close ever, according to data from Cointelegraph Markets Pro<\/a> and Binance.<\/p>\n The SOL\/ETH trading pair has been forming higher highs on the daily chart since April 4, suggesting an uptrend is underway.<\/p>\n SOL\/ETH daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n The SOL\/ETH pair gains follow a bullish week for Solana<\/a>, which has increased by 35% over the last seven days, against a 13% increase in ETH price over the same timeframe.<\/p>\n “The SOL\/ETH chart has just flashed a sign of strength,” said<\/a> pseudonymous trader Bitcoinsensus in an April 14 post on X, adding:<\/p>\n “Solana has closed its highest weekly close against Ethereum in history, reflecting that we could see continued outperformance of the Solana Ecosystem.”<\/p><\/blockquote>\n Previously, the SOL\/ETH ratio reached as high as 0.093 in January during a rally in crypto prices<\/a> fueled by US President Donald Trump’s inauguration, which saw the price briefly notch a new all-time high<\/a> of $295.<\/p>\n Popular crypto trader BitBull shared<\/a> a CME futures chart on X that suggests SOL price could break out toward the $300 mark next.<\/p>\n The trader cited Ether’s price consolidation around $2,000 on the CME chart before breaking out to all-time highs in 2021. <\/p>\n “SOL is now showing a similar structure on the CME futures chart” as it trades with the $120 and $130 range, BitBull pointed out, adding that SOL could follow a similar breakout to all-time highs above $300.<\/p>\n “Just like Ethereum’s run in 2021, Solana is setting up for a massive move in 2025.”<\/p>\n SOL CME Futures chart vs. ETH CME futures chart. Source: <\/em>BitBull<\/em><\/a><\/p>\n<\/figcaption><\/figure>\nSOL\/ETH ratio hits highest weekly close<\/h2>\n
Can Solana price reach $300 in April?<\/h2>\n