U.Today Crypto Review: Ethereum (Eth) Loses 30-Day Progress, Shiba Inu'S (Shib) End Of Bears; Bitcoin'S (Btc) Last Recovery Chance
Ethereum has lost all gains made over the past month, dropping below the critical $3,000 level in a decisive breakdown supported by sustained selling pressure. The failed recovery attempt invalidates the uptrend formed since December, with key moving averages now acting as resistance and momentum indicators showing clear signs of fatigue.
Shiba Inu's recent price action suggests selling pressure is waning, as declines occur on diminishing volume—typically a sign of exhausted bears rather than assertive selling. Despite remaining below major resistance levels, the current setup points toward stabilization and range formation, potentially setting the stage for a gradual recovery.
Bitcoin is once again at a pivotal technical support level, facing what some analysts see as a final opportunity to maintain bullish momentum. A failure to hold this level could open the door to further downside pressure across the crypto market.
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