Ethereum Declines While Dogecoin Prepares for Potential Break Below Key Support Level
Main Idea
The crypto market is experiencing fluctuations with Ethereum, Dogecoin, and Shiba Inu facing critical resistance levels and potential bearish trends.
Key Points
1. Ethereum is trading at approximately $3,640, showing a healthy correction after declining from the $3,700 resistance level.
2. Dogecoin is at risk of dropping below $0.20, indicating a potential bearish trend, with resistance at $0.213.
3. Shiba Inu is trading at $0.0000121, facing significant resistance at $0.0000125.
4. Ethereum's decline is viewed as a healthy cooldown, with potential for a rebound if buyers intervene near the $3,600 support level.
5. Dogecoin's potential drop below $0.20 could lead to further declines, with next support levels at $0.19 and $0.175.
Description
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