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Ethereum’s support at $3,175 is crucial for potential rebound toward resistance levels. Solana’s price stabilization above $182 could trigger a retest of key resistances. Dogecoin’s immediate support at $0.325 is vital for avoiding further price decline. Understanding key price levels is crucial for altcoin traders. Recent price action for Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), XRP, and Cardano (ADA) shows significant fluctuations, potentially influencing market sentiment in the short-term. These altcoins face varying degrees of resistance and support, making it essential to monitor key price points. Ethereum (ETH) Price Action and Key Levels Ethereum’s price has experienced a slight decline of 2.18%, dropping to $3,198.64. This downtrend follows a brief upward movement earlier in the day. Despite this, trading volume surged by 47.04%, reaching $16.39B, suggesting an increase in market activity.  Source: Coinmarketcap ETH finds immediate support at $3,175, with additional levels at $3,150 and $3,100. Resistance lies at $3,325 and $3,268. If Ethereum stays above $3,175, a rebound is possible. Solana (SOL) Price Trends and Key Price Points Solana (SOL) has faced a 1.99% decline, closing at $182.63. This follows a brief rally, and the price has been struggling to maintain upward momentum. With trading volume increasing by 7.54%, market activity remains elevated. Source: Coinmarketcap Immediate support for SOL is at $182, with $180 and $175 acting as further support levels. On the resistance side, SOL is encountering selling pressure at $192, the recent high, and $186, an intermediate resistance. If the price stabilizes above $182, traders could see a retest of the resistance levels at $186 and $192. Related: 4 Altcoins Shaking Off the Slump: Bullish Reversals in Sight? Dogecoin (DOGE): A Bearish Trend with Support Levels in Focus Dogecoin (DOGE) has been under pressure, with a 3.38% decline bringing the price down to $0.3287. The chart shows…

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Filed under: News - @ January 13, 2025 11:21 am