Ethereum (ETH) continues to showcase resilience, maintaining a price of $3,241 despite a minor 1.5% dip in the past 24 hours. Analysts project a bullish trajectory, with short-term targets set at $3,400, $3,500, and $3,600, potentially leading to $4,000 by January 2025 if the ascending channel trend holds.
MVRV Ratio Signals Accumulation
On-chain data highlights Ethereum's 30-day Market Value to Realized Value (MVRV) ratio, which currently signals oversold conditions. Historically, this has marked accumulation phases where large investors, or whales, increase their holdings. Increased w
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Shiba Inu (SHIB) is showing promising signs of breaking free from its prolonged downtrend. Trading near the critical resistance level of $0.000025, SHIB’s price movement, combined with on-chain metrics, suggests a potential bullish breakout.
Bullish Technical Signals
SHIB has recently crossed above its 50-day and 200-day EMAs, often seen as strong bullish indicators. This upward momentum is accompanied by a surge in trading volume, reflecting growing investor interest. If SHIB holds above $0.000025, it could aim for the next key resistance level at $0.00003 and beyond.
Bullish Technical Signals
SHIB has recently crossed above its 50-day and 200-day EMAs, often seen as strong bullish indicators. This upward momentum is accompanied by a surge in trading volume, reflecting growing investor interest. If SHIB holds above $0.000025, it could aim for the next key resistance level at $0.00003 and beyond.