Ethereum trading volume, the second largest cryptocurrency in market capitalization, has recently increased significantly. This significant growth is a sign of increasing market activity, since this implies that traders and investors participate more actively. Despite the fact that the price of ETH has recently fallen, there are signs that it can be prepared for return and even another rally.
Ethereum, which is currently trading at about $ 3632, has just crossed a 50-day exponential sliding medium (EMA), which is a decisive level of resistance, which often serves a bull indicator in violation. The bull structure of the asset on the daily schedule was strengthened by consistent support above 26 EMA.
Maintaining these technical levels can pave the path for rally to the psychological resistance zone of $ 3800, which makes them important for traders. Significant capital is reported to Ethereum, as evidenced by Spike in the volume of trading, which is a clear market indicator.
The relative force (RSI) index is a trend in the neutral zone 55, which is significant, despite the increase in volume. This implies that ETH still has potential, without reaching a bought -up situation. Ethereum has reliable support of 3,500 US dollars in a lack, with the support of 26 EMA, as well as a recent surge of the purchase. This can offer a strong basis for the subsequent foot of the rally, if this level is held.
ETH can return to the mark of $ 3300, where 100 EMA provides an additional security network if this support is not supported. Ethereum market moods are still carefully optimistic. A large number of market participants are likely to bet on a bull scenario based on an increase in the volume of trading. The asset, however, must decisively surpass 3800 US dollars in order to confirm the continuation of its ascending trajectory. Ethereum can reach the following significant resistance level of $ 4,000 and higher with a successful breakthrough.
Shiba inu experiences pressure
Shiba Inu currently experiences a complex market phase, since it is stuck between important levels of support and resistance. Currently, the shareholder at a price of 0.00002375, the assets were in a rigid range that could determine its near future, since he did not take any noticeable steps at the last sessions.
At the level of 0.000025 US dollars, a critical resistance level, Shib is delayed just below the 50-day exponential sliding medium (EMA). As a ceiling for the price action of Shiba, this level was difficult to break. On the other hand, the 100-day EMA in 0.00002220 was a vital source of support, stopping additional drops. From this circumstances, Shib now has a limited trading range, and market players are closely monitoring their next step.
The absence of a clear leadership emphasizes the current market indecision in relation to the direct prospects of Shiba. The obvious decrease in the volume of trading is one of the main problems that the schub is faced at present. The asset can consider it difficult to go beyond its current range from the absence of strong pressure for the purchase or sale, which indicates this reduction in activity. The relative force (RSI) index, which measures the pulse in the market without obvious bull or bear mood, also circles 49.
At the intersection of Shiba, Inu is caught between two important moments that can determine his course in the coming days. The price action of the Shiba will probably remain unstable and unpredictable until it bursts from this range.
Since a violation of any level can determine the direction of the next large string of Shiba, the traders should closely monitor the support level of 0.0000220 and the resistance level of 0.000025 US dollars.
Solan needs more
Recently, Solana struck a significant trend line, suggesting that her price action could change. The asset still has difficulties in excess of the 50-day exponential estimated average (EMA) decisive resistance, which is currently $ 218, despite this bull technological signal.
Sol spent in a bear circuit for several months from a poor trend line, which served as resistance. As a rule, the gap above this line indicates bull feelings and a possible impulse up. 50 EMA is the next significant obstacle to SOLANA, but this breakthrough was not accompanied by sufficient pressure pressure or bidding. This can open the door for the rally to the next level of resistance at 240 dollars if Solana can break above 50 EMA.
On the other hand, 26 EMA is strong SOLANA support around $ 200. The asset may return to $ 178, where 100 EMA offers greater support if this support is not supported, inciting bearish moods. The absence of a significant volume that accompanied this breakthrough of the trend line is one of the most alarming indicators. If trading activities are not increasing, the stability of this step is still in doubt.
