Recently, the crypto assets market has shown interesting dynamics, especially in terms of the capital flow between Solana(SOL) and Ethereum(ETH). The funding ratio of SOL/ETH shows a significant downward trend, currently dropping to the lowest point of the year at 0.045. This data reflects subtle changes in the sentiment of market participants.

Although ETH set a new record for short-term capital inflow on July 29, SOL also reached a local peak during the same period, but the growth momentum of both has slowed down. It is noteworthy that the cooling trend of SOL is more pronounced, indicating that the capital rotation dominated by ETH is weakening, but it remains the focus of market attention.

Despite this, SOL still maintains considerable appeal. The growth in DeFi trading volume, the activity of large investors, and the expansion of on-chain activities are attracting new capital inflows. Meanwhile, the price trend of ETH continues to be favored by institutional investors, driven by the ongoing development of Layer 2 scaling solutions.

Interestingly, the sentiment in the SOL community fluctuates significantly, but every price pullback triggers a new round of buying. The liquidity data from large holders shows that SOL is being actively accumulated, while ETH holders remain relatively stable, reflecting different investment strategies based on risk preferences.

From a technical perspective, the MACD and RSI indicators for SOL and ETH have both turned bullish. Particularly for SOL, if it can break through the resistance level of $172, it may experience a more significant increase.

Overall, the current market is at a delicate balance point. ETH maintains its dominance due to its stability and institutional support, while SOL is gradually narrowing the gap with ETH, thanks to its rapidly growing ecosystem and active community engagement. Investors should closely monitor the relative performance of these two crypto assets, as their dynamics may signal broader market trends.