Weak jobs + soft rates = risk-on — accumulate Ethereum and Solana while momentum
Thesis
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.
Strategy approach
Build a momentum strategy on ETH/USD and SOL/USD (H4 timeframe). Entry: long when the 14-period RSI crosses above 55 AND price is above the 20-period simple moving average. Exit: when RSI drops below 45 OR a 6% trailing stop from the highest close is hit. Max hold: 7 days.