Ethereum (ETH) is on the rise, with the price hitting $3,400 and potentially accelerating if it reaches $3,500. The positive momentum indicates strong buying interest, with the possibility of a larger rally if the $3,500 barrier is broken. Factors such as improved market sentiment and Bitcoin’s stability contribute to Ethereum’s solid foundation.
Solana (SOL) is showing promise with a local uptrend, gaining around 7% after bouncing off the 200 EMA. However, it may face resistance near $148 in the coming days. Despite potential challenges, SOL could reach new highs with increased trading volumes and positive investor sentiment.
Shiba Inu (SHIB) is facing difficulties, with the market sentiment negative and the price continuing to decline. However, historical patterns suggest that price drops can attract confident investors looking to buy at lower prices. Whales, or large investors, may support SHIB if it drops to $0.00001, potentially leading to a price recovery.
Overall, Ethereum’s upward trend, Solana’s potential, and Shiba Inu’s challenges reflect the dynamic nature of the cryptocurrency market. Investors should conduct their own research and stay cautious while navigating these market conditions.