From Investing.com:

Ethereum (ETH) teeters on a dangerous position as it threatens to breach the 26-day Exponential Moving Average, signaling potential further declines. Support and resistance levels hover around $2347 and $2547.6 respectively, indicating a significant move in the making. Market dynamics remain cautious, leaving investors uncertain about ETH’s next move.

Bitcoin (BTC) is at risk of dropping below $40,000, with the 50-day Exponential Moving Average showing signs of weakening bullish sentiment. A fall below this level could see BTC testing support around $35,888. Resistance lies at $42,786, but low liquidity hampers a strong rebound.

Shiba Inu (SHIB) faces a crucial test at its local support level, with potential for a decline and further testing of investor resilience. However, declining trading volume signals a possible waning of bearish momentum, offering a glimmer of hope for a stabilization or even a reversal. Support and resistance levels stand at $0.000027 and $0.000035 respectively.



Read more: Ethereum (ETH) In Dangerous Position, Bitcoin (BTC) About to Lose $40,000, Shiba Inu (SHIB) At Local Support By U.Today