As the crypto market teeters on the edge of a pivotal moment, Solana (SOL) and Ethereum (ETH) are drawing attention. Solana (SOL) is approaching a crucial weekly close, while Ethereum (ETH) is nearing the critical $4,000 resistance level. Amidst this anticipation, Furrever Token offers a unique investment opportunity with its 25% bonus on new purchases. This limited-time offer, available until June 10th, 2024, allows investors to maximize their gains by acquiring more tokens for the same price. With its whimsical cat-themed ecosystem and strong community focus, Furrever Token is poised to delight investors while promising substantial returns. Don't miss this chance to enhance your portfolio!

Solana (SOL) Weekly Close is Crucial

Solana (SOL), the fifth-largest cryptocurrency by market capitalization, started yesterday at $165.65 and closed the day at $166.14, up 0.30%. It began today on a negative note and is currently trading at $164.35, down 1.08%. Solana (SOL) broke out of its range between $116.00 and $164.50, rising to $189 before coming under selling pressure. The daily chart shows both the EMA21 support and the horizontal support area at $164.50 remain significant. A weekly close below $164.50 might push Solana (SOL) back into the $116.00-$164.50 range. However, if Solana (SOL) continues to close daily above the EMA21 and $164.50, the uptrend is likely to continue, with the main target being the $216 region.

Ethereum (ETH), the second-largest cryptocurrency after Bitcoin (BTC), began yesterday at $3,758.6 and closed the day at $3,813.2 with a 1.45% increase. Today, Ethereum (ETH) is experiencing selling pressure, currently trading at $3,790.2, down 0.95%. Ethereum (ETH) tested the $4k mark in March before entering a two-month downtrend. It attempted to recover from the $2,858 support but failed to break above the moving averages. However, a sharp rally preceding the spot ETF approval news propelled it above both the moving averages and the downtrend. Following the spot ETF approval, Ethereum (ETH) has been trading within the $3,750 to $3,950 range for several days. In one scenario, Ethereum (ETH) appears to be forming a flag pattern on the daily chart. If it achieves daily closes above $4k, the flag pattern suggests a potential target 20% higher, around $4.8k. Conversely, if Ethereum (ETH) fails to break above $4k, a double-top pattern could emerge, indicating a possible retreat to its previous support level at $2,858.

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