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Crypto Daily 2025-01-08 12:42:36

Ethereum (ETH), Solana (SOL), Sui (SUI): Best Buying Levels for 2025

With the market currently in some turmoil, the best buys are probably there to be made. What are the best buying levels for Ethereum (ETH), Solana (SOL), and Sui (SUI) for the rest of this bull market in 2025? $ETH reaches bullish level for a bounce Source: TradingView The daily $ETH chart (ETH/USDT) is still looking positive. The price remains inside the huge triangle which started to form at the end of 2021, and a breakout to the upside, should the bull market continue through most of 2025, is still the more likely option. The current dip in the price is now at the 0.382 Fibonacci, where a bounce is quite likely, given that this is also a major horizontal support level. Should this take place, it would be very bullish, and the bulls could have another crack at the descending trendline. If however the price falls through this level, the 0.5 Fibonacci at $3,100, and the 0.618 at $2,900 are very good support levels. In fact, even if the price went back down to the 0.786 Fibonacci at $2,500 and bounced there, this would still be a higher low, and therefore bullish. Excellent support levels for $SOL Source: TradingView The $SOL price (SOL/USDT) may also be at a good buy level right now. The price has fallen through the horizontal support at $202 again, and has retested the top of the descending channel. If the price does fall further, the excellent horizontal supports at $184 and $175 could be great buys. If any of these supports provide the bounce, a higher low would also be made, thereby keeping the bull market uptrend intact. $SUI still in pronounced uptrend Source: TradingView The $SUI price (SUI/USDT) is in a very pronounced uptrend. The price has already been down to the 0.618 Fibonacci retracement level for this move, and a potential bounce has started to take place. Should the market turn another shade of bearish, the 0.786 Fibonacci, coinciding with the ascending trendline, could be a great place to buy. Once again, if this did take place, the resulting higher low would keep the uptrend going. In conclusion If this bull market is going to continue, and $ETH, $SOL, and $SUI are going to play a big part in it, it's at bearish times like these that it could be one of the last opportunities to buy. All three tokens are currently at buy levels, but if the market does sink further, there are even better buy levels below. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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