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Recently, the Crypto Assets market has shown a diverse trend, with various alts performing differently, attracting widespread follow from investors.
Ethereum (ETH) is currently consolidating around $3800, similar to the previous resistance level of $3700. Analysts believe that the short-term consolidation helps to absorb pressure and builds strength for future breakthroughs.
Ripple (XRP) has recently experienced a trend of rising followed by a pullback. The market expects it may dip to around $2.7, followed by a new round of increases. It is worth noting that the real benefits for XRP may not become apparent until August.
Solana (SOL) has been performing impressively recently. After some investors sold at the $170 position, they bought back around $150. Currently, the market is generally optimistic about SOL, believing it has the potential to reach a high of $500.
Another notable one is SUI, which recently approached the $4 mark and is considered one of the strongest performing Crypto Assets in the past two years. Market analysts suggest that SUI's washout phase is nearing its end, and once it breaks through $4.2, its trend may mimic Ethereum, showing strong upward momentum.
As market sentiment continues to heat up, investors are closely following the potential next surge opportunity. However, it is important to remind that the Crypto Assets market is highly volatile, and investors should proceed with caution and manage risks appropriately.