The last update on the low prices of Ethereum and market reactions

The cryptocurrency market is moving in a volatile stage, with ETHEREUM (ETH), Bitcoin (BTC), and Shiba Inu (SHIB) that attract attention due to sharp movements in prices and technical settings. Ethereum faces intense declining pressure, Bitcoin shows signs of avoiding a decreased collapse, and Shaiba Anou challenges twice the broader market with unexpected flexibility.

Ethereum, the second largest encryption asset by the maximum market, is under heavy sale because it is struggling to maintain stability higher than psychological support levels. Currently traded about 1960 dollars, ETH has witnessed a significant decline in its previous height near $ 4,000 early in the course. The declining trend has been consistent since the beginning of the year, as the assets recorded the highest levels and below their lowest levels – a declining preparation for textbooks.

Technically, Ethereum has collapsed below the 50, 100 and 200 days moving averages, all of which are now resistance levels instead of support. These moving averages that make up the roof above the current price range add weight to the hibbio expectations. In addition, the RSI is approaching the sales lands, indicating that sellers remain in control despite the recovery of simple prices.

Size indicators confirm that this landfill, with sales often accompanied by increased trading volume. If Ethereum continues to lose Earth, the level of psychological support level of $ 1,000 may be on the horizon. The violation of this threshold may lead to a deeper decrease, perhaps about $ 800-900 dollars, especially if the total economic concerns or the weak bitcoin currencies are escalating at the market level.

However, there is still a slim healing window. If ETH finds support in a $ 1500-1600 region, a dual-bottom uniform pattern can form. This technical preparation, associated with the size of the wider market, may ignite a short -term gathering, which prompted prices to above $ 2000.

While Ethereum look is mysterious, Shiba Inu (SHIB) shows the force of market monitors. The cryptocurrency has recently wore the support test at $ 0.000011 and is now trading near $ 0.000012, which shows flexibility amid the declining feelings in general. Increased purchase activity and high size indicates a renewed interest in investors, which are likely to have caused a relatively cheap Shib evaluation at the current levels.

This increase in hints of momentum in the reflection of a possible direction. SHIB is currently challenging resistance between $ 0.0000124 and 0.0000130 dollars. The collapse can open over this area, especially in strong size, the door for higher targets at 0.0000155 dollars and 0.0000171 dollars. The relative strength index, which climbs from excessive sales levels and hovering just less than 45 years, adds to the upscale state, which indicates the improvement of morale without indicating excessive conditions.

If SHIB fails to pay the resistance, it is still possible to reserve to $ 0.000011. However, the power of the current assembly and the upward technical signs indicate that the bulls have regained some control, at least in the short term.

Bitcoin, at the same time, stands at a decisive technical turn. After the reversal of less than 78,000 dollars to more than $ 81,000, BTC is witnessing a challenge in the main average movement, which appeared to be the imminent “death cross”-a technical index that occurs when the moving average crosses for 50 days less than average 200 days, and is traditionally seen as a strong wandering sign.

The constant move is higher towards the resistance level of $ 85,000, can completely nullify the cross -death pattern. This will not only neutralize the emotional feelings, but it may also lead to a broader shift in the market expectations, which puts the death of death as a potential bear trap instead of confirming the long -term downward trend.

RSI moved above 43, indicating the increasing momentum, while the size increases during the last gatherings indicating the purchase of interest and accumulation. However, if Bitcoin fails to violate a mark of $ 85,000, you may have another decrease, and perhaps reconsideration of $ 75,000 or less.

Since Ethereum swings near critical levels, Shiba Inu is gaining traction, and Bitcoin balances between collapse and collapse, the coming days may determine the main step next step for the Crypto market.

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