🚀 **Market Update: $SOL and $ETH – What’s Next After the Dip?**
Your earlier analysis was spot on:
* ✅ **Ethereum ($ETH )** dipped into the \$3,400–\$3,000 zone
* ✅ **Solana (#SOL )** retraced into the \$165–\$153 range
* 📈 And now, **SOL has broken above the \$175 resistance**—a strong bullish signal.
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### 🔍 **Solana (#SOL ) – Current Price: \$177.06 (+2.51%)**
**What this breakout means:**
* The \$175 level had been acting as a significant resistance.
* Breaking and holding above this suggests **bullish continuation** is likely, barring any major macro shocks or Bitcoin pullbacks.
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### 📊 **Key Levels to Watch for #SOL :**
1. **\$183** – Immediate resistance
* 👀 Watch for potential **rejection** or **bullish confirmation** (e.g. retest and bounce).
2. **\$220** – Medium-term target
* Would confirm a **strong continuation pattern**.
3. **\$260** – Ambitious but possible by **end of August**,
* Requires sustained volume, broader market strength, and a stable Bitcoin.
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### 🔎 #ETH Outlook (Quick Note)
While SOL is pushing higher, **ETH remains range-bound**, still hovering near the \$3,200–\$3,300 zone.
* **Key for bulls:** ETH needs to reclaim \$3,500+ to confirm upside continuation.
* Until then, it may lag behind faster-moving altcoins like SOL.
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### 🧠 TL;DR:
* SOL breaking \$175 is **technically significant**.
* Watch \$183 closely; flipping it into support opens room to \$220+.
* Momentum + broader altcoin strength = SOL potential to hit \$260 by month-end.
Would you like a chart breakdown or deeper technical indicators (RSI, volume, Fib levels) for SOL or ETH?