Ethereum broke through several resistance levels within a few hours, lighting the cryptocurrency market with a stunning 31% rise. The 200-day sliding average, which often distinguishes the bullish momentum and the continuation of bears, is just under $ 2,300, which has been driven by the rally.
According to price, this may be the beginning of a significant structural reversal rather than just a random nails. With a strong volume supporting the wedge, 50 mothers, 100 mothers and even 150 mothers have technically broken through one of the wipes. Although RSI is currently just over 81, it would usually be cautious as it enters the oversuped territory. However, explosive moves such as these RSI extremes may last longer than usual.
Not only does a huge candle damage an earlier downward trend, but also gives roads to moving $ 2,600 and higher, with a psychological 3000 -Dollaris zone as a potential next macro resistance level. If Ethereum showed the behavior of this kind of rally earlier, it caused the months to move upwards.
In general, the feelings of investors are rapidly improved by ethereum, especially when institutional interest in post-ETF narratives increases and updated attention is paid to ETH/BTC parity. Ethereum is likely to follow Bitcoin's lead as it is approaching $ 100,000, taking advantage of the positive market.
In the short term, it would not be shocking to see a slight decline or consolidation to about $ 2,300 to $ 2,400. However, Ethereum would confirm the breakthrough and would make the overall trend a bullshit if it closed several daily candles over 200 mothers. For the traders created by this wave, the best thing to do can be careful accumulation and strength.
Shiba inu revived
Shiba Inu showed a new power to the level of $ 0.00002 based on its latest pricing. The assets have effectively exceeded the significant level of resistance, violating the $ 0.000014 zone and moving towards the 200-day exponential moving average (mother), which currently floats about $ 0.000016.
Throughout its trajectory, this long-term mother has been a resolute ceiling for Shib and it is difficult to break through it. However, the recent growth of buying volume indicates that the meme -coin is gathering traction and interest. This last price is in line with the increase in the chain and market volume, which indicates that it is supported by market activities, not just speculative hell.
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Moving to $ 0.0000 is much more likely if Shib can close over 200 mothers with a permanent volume support. Given historical price bugs and relative skirts in the $ 0.000016-0.00002 dollar zone, Shib can move closer to its goal as 200 mothers break.
As the PSIs like RSI are still growing and have not yet crossed the territory, there is still the opportunity to wait for further growth before significant decline. Although the psychological level of $ 0.000018 has been both support and resistance in the past, traders should monitor possible resistance there.
In other words, Shiba Inu is preparing for an important run, but it is facing one of the most difficult technical obstacles. The price of $ 0.00002 is not only feasible, but can quickly reach if the bulls can maintain pressure and break 200 mothers. If this breakthrough is confirmed or shown another rejection, the next few trading sessions are critical.
Bitcoin recovers
Undoubtedly, Bulls enjoyed a significant psychological victory: Bitcoin's recent breakthrough breakthrough over $ 100,000, but does not yet mark – this step may be temporary overpowering rather than the beginning of an unstoppable rally. On the price card, Bitcoin knocks around $ 104,000 after breaking the $ 98,000 obstacle.
For Bitcoin, this pattern is not uncommon and often comes before consolidation or significant decline. This is a warning sign of volume. The volume should increase rather than the reduction in the movement of such an order of magnitude. The relative strength index (RSI), which usually identifies local peaks at 75, has also crossed the territory.
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In addition, the range of current important support zones is $ 98,000-95,000. A rapid decline to $ 92,000 or even $ 90,000 can occur if Bitcoin is unable to maintain this range. Bulls must protect 50 mothers, which is about $ 93,000. Long -term route to $ 100,000+ is still open, but maintaining a strong rally is likely to require more time consolidation and volume.
