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Shiba Inu has found a crucial support level at the 50-day EMA, which has helped prevent further declines. This support has been vital in maintaining SHIB's price stability in recent trading sessions. The 50 EMA acts as a lifesaver, keeping the asset afloat amid increasing selling pressure.Recent whale transactions indicate heightened activity among large holders of SHIB. Over the past 24 hours, there have been 147 largetotaling 1.9 trillion SHIB.
Despite the support at the 50 EMA, SHIB's price has not shown strong bullish momentum. The RSI remains relatively neutral, indicating a lack of strong buying or selling pressure. For SHIB to break through current resistance levels and initiate a more substantial upward trend, it needs more robust market support and increased buying interest.is eyeing $4,000 either on its latest price performance or bears' failure to sink the value of the asset below the $3,700 mark.
Ethereum has recently withstood the greatest surge, vibes taking its price toward the $4,000 level. The latest outbreak above $3,700 leaves a beautiful site with new support, signaling that there is major buying interest. The 50-day EMA, superiorly moving with the price action, would strengthen the bullish picture. In the meantime, the RSI is trading around 70, suggesting at this juncture thatFor a move higher, Ethereum must remain over its key support at $3,700.
Overall, the forward-looking future for Ethereum remains upwardly skewed. The bullish run should persist, provided the market keeps the bullish momentum.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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