Ethereum and Bitcoin prices drop, potential for further losses, bearish trend signals

From Investing.com

August 29, 2024 12:00:19 am:

Ethereum’s price drop below $2,500 signals potential for further losses, with declining volume suggesting reduced buying interest. Breaking the ascending trendline could make it challenging for ETH to recover soon. Bitcoin’s sharp decline to the 200-day EMA raises concerns about a correction and trend reversal, failing to surpass $70,000 weakens bullish momentum. Shiba Inu struggles to break above 50 EMA, indicating a lack of buying support and potential for a significant reversal if market sentiment remains weak.

Read more at Investing.com: Ethereum (ETH) Hopes Are Gone, Bitcoin (BTC) Crashes Down as Price Returns to 200 EMA, Bearish Shiba Inu (SHIB) Reversal Coming By U.Today