Elon Musk “in my hand” SHIB Despite the statement “I do not shiba inu continues its rally. Ethereum (ETH) bulls are trying to gain above $4,400. Request October 25, 2021 Shiba Inu (SHIB) and Ethereum (ETH) price analysis.
On the Ethereum front, the bulls, trying to profit from closings above $4,400, rebounded from the support around $3,900.
Looking at the general picture in the crypto money world, it is possible to say that an upward trend continues.
Bitcoin (BTC) After capturing ATH (an all-time high) near $67,000, altcoins were also starting to gain ground. Ethereum, which went above $ 4000 last week, is now very close to the $ 4200 levels. If left (LEFT) It went over $200, SHIB while it exploded to trade above $0.0004.
Shiba Inu (SHIB) Price Analysis
Shiba Inu fans don’t seem to mind that Tesla’s founder and CEO Elon Musk admitted that he doesn’t have any SHIB. However, Musk is currently bitcoin, Ethereum and dogecoinHe also revealed that he has
Despite this negative news from Musk, the SHIB price managed to climb above $0.0004 and almost approached the $0.000045 level. SHIB currently has a trading volume of $15 billion and a market cap of $20 billion, making it the 11th most valuable cryptocurrency.
Although SHIB was at $0.000041 at the time of this analysis, it is currently down 6.77% to $0.00003867 levels. Support was confirmed at $0.000035 and allowed the bulls to regain control. Another spike past $0.000045 could trigger the next rally towards $0.0001.
Ethereum (ETH) Price Analysis
Ethereum closed its gap to nearly all-time highs of $4,400 last week but had to retreat below $4,000. The area around $3,900 was vital to contain the dips and start the recovery. According to the four-hour chart, the 50 Simple Moving Average (SMA) and the ascending trend line have managed to strengthen this particular buyer congestion zone.
It is currently trading at $4,111 as Ethereum bulls try to climb back to record highs. ETH, for which a buy signal is expected from the MACD, may leave the market completely under the control of the bulls after this news.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.