Shiba Inu (SHIB) is facing increasing bear pressure as it failed to break the 200 EMA resistance level. SHIB, currently traded at $0.00001721, is experiencing a continuous bear trend as it cannot break this critical resistance. Downward movements of the 50 EMA and 100 EMA reinforce the negative short- and medium-term outlook. SHIB's failure to find support above the 26 EMA further deepens its pessimistic outlook. Unless there is a significant change in market conditions, SHIB is likely to decline until the next major support level at $0.000016. A decline below this level could trigger additional pullbacks.

SHIB's Relative Strength Index (RSI) is hovering around 46, making selling pressure more dominant than buying interest. Staying below the neutral level of 50 strengthens the short-term bear scenario. Analysts take a cautious approach, stating that SHIB's failure to gain upward momentum could result in a long-term bear period.

The launch of Ethereum ETFs is considered a significant development in the crypto world. Initial trading volume for Ethereum ETFs reached $1.1 billion and attracted interest from major institutional investors. However, this development did not provide the expected increase in Ethereum price. Leading ETFs such as Bitwise's ETHW and BlackRock's ETHA showed significant net inflows, but the overall market reaction was bearish.

There are several reasons why the Ethereum price remained stagnant after the ETF launch. The “buy the news, sell the news” phenomenon may have caused investors to sell the ETH they had accumulated in anticipation of the ETF to make a post-launch profit. Additionally, the launch was marked by a lack of new retail investors entering the market, raising concerns about continued purchasing volume in the future. While institutional interest was evident, the lack of retail participation weighed on overall market enthusiasm.

Toncoin's uptrend weakened as it broke below the $7 level and is now approaching the critical $6 level supported by the 100 EMA. Toncoin, which is trading at around $6.20, cannot sustain the upward pressure. Breaking the $7 level indicates that buying pressure has decreased and technical indicators present a bearish outlook.

Technical Indicators of Toncoin:
Toncoin's RSI indicator is currently at around 43, showing a slight bias towards buying pressure, but not enough to reverse the bearish trend. The $6.60 level, supported by the 100 EMA, stands out as a critical support point. If this level cannot be maintained, declines could continue and the next important support could be around $5.20. On the other hand, if Toncoin can defend this support, it may regain some of its lost upward momentum; However, the current negative technical picture makes traders cautious.

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