Ethereum (ETH): $3,000 Rally Begins? Bitcoin (BTC): $120,000 Delayed, Shiba Inu (SHIB): Major Price Test Incoming
2025-07-06 00:17:05
Main Idea
The article discusses potential price movements for Ethereum (ETH), Bitcoin (BTC), and Shiba Inu (SHIB), highlighting key resistance levels and technical indicators that could signal upcoming rallies or reversals.
Key Points
1. Ethereum (ETH) is approaching the $3,000 mark, with $2,800 as a key resistance level; a breakout could lead to a test of $3,000.
2. Bitcoin (BTC) is consolidating between $104,000 and $108,100, with a potential breakout toward $120,000 delayed due to lack of volume.
3. Shiba Inu (SHIB) is testing the 26-day exponential moving average (EMA) at $0.0000118, a critical resistance level that could determine its next price movement.
4. Technical indicators like the RSI and moving averages are being monitored for signs of strength or weakness in these cryptocurrencies.
5. A spike in trading activity for SHIB suggests potential volatility ahead, though longer-term moving averages remain bearish.
Description
Market is ready for potential reversal, but lack of volume setting it back
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