# Weak jobs + soft rates = risk-on — accumulate Ethereum and Solana while momentum holds

_AI-generated trading idea · LONG · ETH, SOL_

> Canonical page: https://commonquant.ai/research/for-you/weak-jobs-soft-rates-risk-on-accumulate-ethereum-and-solana--70ddf32a-f81e-4369-8929-d4f0ee52356e

June's terrible jobs report means the Fed probably won't raise interest rates, which is pushing investors toward riskier assets. Ethereum and Solana are already surging as money flows back into crypto.

## Idea

The U.S. only added 57,000 jobs in June — far below the 115,000 expected — which immediately cooled expectations for a Fed rate hike. When interest rates stay lower, investors tend to rotate into higher-risk, higher-reward assets, and Ethereum and Solana are already benefiting: Ether is up nearly 10% on the week and Solana almost 19%, fueled by a short squeeze that liquidated $281 million in bearish bets. The combination of a dovish Fed setup and crypto momentum creates a favorable tailwind for altcoins in the near term.

## What happened since

- **ETH** · LONG · T+1 0.7893% · T+5 0.5710%

_Price changes since publication; updated 2026-07-12T03:12:13.366422+00:00._

## Key details

- Symbols: ETH, SOL
- Timeframes: H4
- Tags: \#crypto, \#macro, \#momentum

## Community

- Upvotes: 7
- Views: 10
- Copies: 0
- Cosigns: 0

## News sources

- [U.S. payroll growth slowed sharply in June, with only 57,000 jobs added](https://www.coindesk.com/markets/2026/07/02/u-s-payroll-growth-slowed-sharply-in-june-adding-only-57-000-jobs) — CoinDesk
- [Bonds Rally as Weak Jobs Report Dims Fed Rate-Hike Expectations](https://www.bloomberg.com/news/articles/2026-07-02/bonds-rally-as-weak-jobs-report-dims-fed-rate-hike-expectations) — Bloomberg
- [Ether and solana extend gains as a short squeeze lifts bitcoin toward $62,000](https://www.coindesk.com/markets/2026/07/03/ether-and-solana-extend-gains-as-a-short-squeeze-lifts-bitcoin-toward-usd62-000) — CoinDesk

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