Bollinger Signals Turning Point: Ethereum and Solana Take the Lead While Bitcoin Waits

Famed technical analyst John Bollinger, creator of the Bollinger Bands, sees something intriguing in the charts of Ethereum and Solana. According to his latest analysis, both assets are forming potential “W” bottoms — a pattern that often appears before a market reversal. This structure suggests that selling pressure is fading and buyers are stepping back in. When confirmed, it can trigger a sustained bullish move. Bollinger noted that Bitcoin does not yet show the same setup, signaling that the current recovery phase may be led by altcoins rather than the world’s largest cryptocurrency.

These “W” bottoms are not random. They indicate a double-dip formation within the Bollinger Bands, where the second low is higher than the first. This usually points to renewed buying strength. Ethereum recently rebounded from around $3,700, and Solana climbed from near $175 — both mirroring this pattern. Bollinger’s timing matters because his earlier “W” bottom call on Bitcoin last April preceded a major rally. This time, he warns that traders should “pay attention soon.”

Bitcoin Holds Its Ground but Lags Behind

While Ethereum and Solana show encouraging signs, Bitcoin is moving differently. Instead of a “W” bottom, its chart looks more like a “V” recovery from the sharp drop below $104,000. Since then, Bitcoin has struggled to climb above the $108,000 resistance level. Analysts say it remains in a consolidation phase, trading between well-defined Bollinger Band boundaries. The current setup shows that Bitcoin might still be building its base before making a decisive move.

Technical indicators suggest mixed signals for now. The 50-week simple moving average (SMA) continues to act as a key support. Every time Bitcoin’s price has touched this level, the market has reacted with panic — followed by sharp rebounds. This could mean Bitcoin is preparing for another leg higher, but its momentum currently trails behind that of Ethereum and Solana. For investors, this divergence is a crucial clue: the next big move could depend on how long Bitcoin takes to break through its upper range.

Ethereum Gains Strength Against Bitcoin

Market data supports Bollinger’s observation. The ETH/BTC ratio has been rising steadily, up more than 7% in the past week. This means Ethereum is outperforming Bitcoin, a sign of altcoin rotation. Institutional investors appear to be adjusting their portfolios accordingly. For instance, BlackRock reportedly reduced its Bitcoin exposure while increasing its holdings in Ethereum during recent market swings. Such moves often signal shifting confidence toward the broader altcoin market.

Ethereum’s performance is also drawing fresh attention from analysts. Its consistent climb above $3,800 and relative strength against Bitcoin reflect a possible leadership shift in the market cycle. Historically, when the ETH/BTC ratio rises, altcoins tend to outperform Bitcoin for several weeks or even months. If this trend continues, Ethereum could drive the next stage of crypto market recovery, with Solana following closely behind.

Solana Rebounds as Altcoin Momentum Builds

Solana has also shown impressive resilience. After dipping to around $175 twice this month, it quickly rebounded toward $186. This double-bottom pattern within the Bollinger Bands mirrors Ethereum’s setup. It signals that Solana’s selling momentum is easing and that demand is returning. Analysts describe this as an early sign of accumulation, where long-term investors start building positions before wider market recognition.

The renewed strength in Solana and Ethereum points to what traders call “alt season.” In these periods, altcoins outperform Bitcoin, often driven by technical setups like Bollinger’s “W” bottoms. While Bitcoin remains the benchmark, money flow is clearly shifting toward assets with higher short-term growth potential. For now, Solana’s ability to hold above its lower Bollinger Band and recover steadily suggests that confidence is returning.

Why Bitcoin Still Matters

Despite the altcoin optimism, Bitcoin remains the market’s anchor. Its movements often dictate the broader sentiment across all crypto assets. Analysts remind traders that even when altcoins lead, Bitcoin’s stability provides the foundation for sustained rallies. The recent widening of Bitcoin’s Bollinger Bands shows volatility is increasing — a sign that a major move could be near. Historically, such setups have preceded significant breakouts after periods of low activity.

Bollinger’s message is clear: the market is approaching a critical moment. Ethereum and Solana may already be signaling a bullish shift, but Bitcoin’s confirmation will decide how strong and lasting the next rally becomes. For now, traders and investors alike would do well to watch all three — because when the Bollinger Bands speak, markets often listen.