According to Odaily, trader Eugene Ng Ah Sio recently shared insights on social media platform X regarding crucial support levels for major cryptocurrencies. Ng highlighted that Bitcoin (BTC) at $94,000, Ethereum (ETH) at $3,500, and Solana (SOL) at $200 are significant thresholds that the market has established as key support levels.
Ng emphasized that if these levels are breached, holding altcoins in one's investment portfolio may no longer be advisable. He suggested that maintaining these support levels is essential for the continuation of the current market dynamics. The trader's analysis underscores the importance of these price points in determining the future trajectory of these cryptocurrencies.
The insights provided by Ng reflect a cautious approach to cryptocurrency investments, particularly in the context of altcoins.
