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Recently, the Crypto Assets market has been active, with the SOL price reaching the key resistance level of 182 USD, bringing certain profits to shorting participants in the short term. Market participants are closely following the intraday trends, with 178 USD becoming an important support level. If SOL falls below this level, it may trigger a slight pullback, with the next support levels possibly around 175 USD and 173 USD, while 170 USD is considered a defensive level.
However, if SOL can stabilize around the support level of $178, the bullish trend may still continue. In this case, the upper target resistance levels remain at $182, $186, and $190.
Meanwhile, the performance of Ethereum (ETH) is also noteworthy, breaking through the $4000 barrier, showing strong upward momentum. Market rumors suggest that large investors (commonly known as "whales") are increasing their holdings of ETH, which could be one of the factors driving the price up.
It is worth mentioning that the policy environment for Crypto Assets is also constantly changing. The market remains vigilant to potential regulatory changes, which could have a profound impact on the entire encryption ecosystem. Investors should closely follow policy trends and adjust their investment strategies accordingly.
Overall, the crypto market is still full of opportunities and challenges. Investors need to consider multiple factors such as technical analysis, market sentiment, and the macro environment when making decisions.