What's the point of tracking $SOLETH in general?
I'll explain. Because it goes just beyond "sell ETH into SOL now".
Yes, when $SOLETH bottoms, it's better to hold $SOL over $ETH. But when neither rally hard in the future, or both run hard in the future, then it doesn't really matter which one you hold, if all you care about is USD gains anyways, so the $SOLETH value is less important.
Are you really going to care if you made a 5x or a 6x?
Instead, tracking the $SOLETH chart is more useful to as another heat metric forming confluence (or counter fluence) to identify the $BTC tops and bottoms.
A top in $SOLETH means a top in speculative alt growth, which means $BTC likely slows and tops soon. Vice versa, a bottom in $SOLETH means a bottom and speculative alt growth follows (slow, first, this phase can last a while, then all at once).
That's why $SOLETH bottomed after $BTC in 2022, topped before $BTC topped in 2025.
Using more advanced terms, in the Astro community, we call this mmd (market maker divergence) and explains the correlations and topping patterns in a nutshell.
So the macro top call on $SOLETH was very important. Not my most liked call at the time, many said SOL to $1000 etc, but the market has spoken.
So it meant cooling down and due to correlation with $BTC, bearish $SOL($ETH) means a non rallying $BTC for a while, which is the main importance of this chart (correlation goes both ways, cause and effect are irrelevant when comparing big markets).
On the flip side, now that it likely bottomed (purple zone, macro golden zone, 4 year low coming up, reversal range into slow reversal local response levels), it means it adds confluence bitcoin indeed already bottomed, which is all I care about as of now.
Does it mean to go hard in $SOL?
Personally, not a bad idea either and I am interested again. But it doesn't mean to me to sell all $ETH for it. It just means, $BTC bottoms, alts are slowly building base liquidity again, but they likely run later with more speculative alts running harder towards the end as per usual, meaning $SOLETH goes up.
This all happens after the $BTC bottom, so yes, it is useful. But because my analysis can and very sometimes be wrong, downside is bigger too on alts. So I wouldn't "go all in" just for the sake of this chart.
In short
It's confluence for a $BTC bottom, and it means buying $SOL now is a lot better than last time we called the top, IMO, even approaching a 4 year buy. (if you still believe in the long term future of it, if you don't assume it to bleed to zero, I am not in that camp).
Still a few more months remaining to approach that 4 year low, but we are at major 4 yearly support, and a 4 year low doesn't have to be the low of the trend, it just has to be a major low close to the lows of that trend, something many misunderstand. That also explains why $BTC possible already bottomed, I know not many like to hear it.
That's all for me on $SOLETH. Mostly a tool as confluence to project bitcoin bottoms (most important), and secondarily, to know what stage the alt market is in and position more speculative bets accordingly.
