Ethereum faces key resistance at $2,700 while support holds firm near $2,625.
Solana struggles to break $170, with $164 acting as crucial support for recovery.
Sui battles to hold $2.00 support as bearish pressure keeps resistance at $2.05.
The altcoin market is down, with Ethereum (ETH), Solana (SOL), and Sui (SUI) leading the decline. Each of these tokens has run into resistance and support levels as bearish trends take over their charts. Ethereum, Solana, and Sui are making significant price movements, with market volatility affecting the short-term prospects of these altcoins.
While each token has distinct support and resistance levels, they are all moving downward, reflecting broader market trends.
Ethereum’s Price Drops, $2,625 Support Level in Focus
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a 3.26% decline in the past 24 hours, with the current price standing at $2,646.96. The price has been steadily falling since reaching a peak of $2,737, where selling pressure started to weigh on the market. This level now acts as a significant resistance, along with the $2,700 mark.
Ethereu…
The post Altcoin Market Slumps: Ethereum, Solana, and Sui Lead the Decline appeared first on Coin Edition.
