Given the present market volatility, it seems that potential investment opportunities might be emerging. What would be the ideal entry points or best prices for Ethereum (ETH), Solana (SOL), and Sui (SUI) during the remainder of this bull run up until 2025?
$ETH reaches bullish level for a bounce
For today’s Ethereum (ETH) analysis against USDT, the overall trend remains optimistic. The price is contained within the large triangle that began forming at the end of last year. If the bull market persists into 2025, a breakout towards higher prices is still considered the more probable scenario.
As an analyst, I find myself observing a significant drop in price that has now reached the 0.382 Fibonacci retracement level. This point, being both a key Fibonacci level and a major horizontal support, increases the likelihood of a rebound. If this bounce occurs, it would be a strong bullish signal, potentially allowing the bulls another opportunity to challenge the descending trendline.
Should the price drop below that point, the Fibonacci levels at approximately $3,100 (0.5) and $2,900 (0.618) could serve as strong areas of support. Interestingly, if the price were to dip as low as the $2,500 level (0.786 Fibonacci), and then rebound from there, this would mark a higher low, which is generally considered a bullish sign.
Excellent support levels for $SOL
Currently, the SOL/USDT rate might be an opportune moment to purchase. The price has dropped below the horizontal support at $202 once more and is now testing the upper boundary of the descending channel. If the price continues to decrease, the robust horizontal supports at $184 and $175 could prove to be excellent buying points. Should any of these supports cause a rebound, it would also establish a higher low, thus maintaining the upward trend in the bull market.
$SUI still in pronounced uptrend
The price of SUI relative to USDT (SUI/USDT) is showing a strong upward trajectory. It has dipped as low as the 0.618 Fibonacci retracement level during this surge, but a potential rebound seems to be underway. If the market shifts bearish again, the 0.786 Fibonacci level, which aligns with an ascending trendline, could present an excellent opportunity for buying. Should this occur, it would establish a higher support level, maintaining the uptrend’s momentum.
In conclusion
If this bull market persists and Ethereum ($ETH), Solana ($SOL), and Suisei ($SUI) are expected to significantly contribute to it, these downturns represent potential final chances to purchase before prices potentially rise again. Currently, all three tokens are considered good buy opportunities; however, if the market experiences a deeper dip, there may be even more advantageous buying opportunities available.
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2025-01-08 16:12