Ethereum (ETH) has experienced a price correction, dropping below $3,800, as it struggles to breach the $3,900 resistance level. Despite the bearish market conditions, buying pressure remains high, supported by technical indicators suggesting a potential price increase. The Ethereum Foundation's recent sale of 100 ETH has not significantly impacted the market, as overall selling pressure has declined. Whale sentiment indicates high selling activity, but the increase in long positions and technical indicators like the RSI and CMF suggest a possible bullish reversal for ETH.
Ethereum is facing resistance near the $4k mark, but analysis suggests a potential path to $4.5k, contingent on maintaining the $3,560 demand zone. While buying pressure is rising, indicated by a declining exchange reserve and a positive Coinbase premium, bearish signals like a high RSI and a red taker buy/sell ratio suggest possible short-term corrections. The MA Cross indicator remains bullish, but historical patterns in the NUPL metric could lead to price corrections.
XRP's recent rally to $2.55 has been fueled by significant whale accumulation, with large holders increasing their positions during price dips. Despite the bullish momentum indicated by technical indicators like RSI and MACD, XRP remains in overbought territory, suggesting potential for profit-taking. Historical patterns show mixed outcomes for whale activity, with past accumulations leading to both substantial profits and periods of stagnation. The sustainability of XRP's upward trend depends on continued whale demand and broader market sentiment, with potential resistance at the $2.50 level.
XRP's price surge to $1.95 has brought it close to the $2.00 mark, with potential for further gains if momentum continues, though a pullback is possible due to overbought conditions. Shiba Inu (SHIB) is nearing $0.00003, with strong buying momentum suggesting it could erase another zero, while Pepe (PEPE) has broken a descending trendline, indicating a potential recovery if it maintains its breakout. All three cryptocurrencies show signs of bullish activity, but traders should watch volume levels and RSI indicators for sustainability.
Ethereum (ETH) recently hit the $3,600 mark but faced a slight pullback, trading at $3,577.87. Despite increased selling pressure as over 90% of investors were in profit, technical indicators suggest a potential breakout above $3,600, possibly reaching $3,900. Whale confidence and high open interest indicate bullish sentiment, with the 9-day MA above the 21-day MA and high On Balance Volume supporting a positive outlook. However, failure to break $3,600 could see ETH fall to $3,300 support.
Bitcoin is nearing the $100,000 mark, having surged 40% since November 5, amid expectations of a crypto-friendly U.S. administration. The cryptocurrency recently broke out from a pennant pattern, indicating a continued bullish trend, with a projected price target of $118,000. Key support levels to watch are $93,000 and $70,000, which could attract buying interest during pullbacks.
Shiba Inu (SHIB) has experienced a significant increase in large transaction volumes, reaching 6.47 trillion SHIB by early November, which has coincided with a rise in its price. This surge in activity suggests heightened market interest, possibly from high-volume traders or whales, and has pushed SHIB's price above $0.00002221. The 50-day moving average crossing above the 200-day moving average indicates potential bullish momentum, though the RSI suggests SHIB may be overbought. The increased transaction volume could lead to either a breakout or a correction, depending on large holders' actions.
Investment firm Sistine Research suggests that Shiba Inu (SHIB) may outperform Dogecoin (DOGE) by 2025, based on a detailed chart analysis. The analysis highlights key resistance and support levels, indicating a potential price rally for SHIB. Despite past fluctuations, SHIB's current position in the lower support range could serve as a launch pad for significant gains, potentially leading to a 95% increase from current levels if bullish momentum is maintained.
