Ethereum recently rose 15%, raising hopes of reaching $3,000, but it appears that the upward momentum has encountered significant obstacles. For ETH, the 100 EMA has shown to be a strong resistance level, and the asset's recovery seems to be stagnating at this point. Ethereum's price began to decline after peaking at $2,820, making it more challenging to predict its next move. As the price chart shows, ETH struggles to maintain its upward momentum, especially when its price stays in the $2,600-$2,700 range.

The 100 EMA is still above the price and acts as a strong barrier, preventing further progress towards $3,000. If Ethereum does not make a significant breakthrough at this level, it will be difficult for Ethereum to regain its bullish structure in the near future. The biggest concern right now is the lack of strong support below the current price level.

As ETH is currently trading close to $2,622, there are not many reliable support areas to prevent further price declines. Ethereum's next major support level is at $2,400, and if this support level is breached, the price may decline further, potentially falling back to $2,200.

As trading volume decreases and market uncertainty persists, the likelihood of continued recovery is diminishing. In the short term, the $3,000 target for Ethereum may have to wait, although its fundamentals remain strong. ETH traders should temporarily focus on key support levels, as prices may continue to decline and reverse recent gains.

The recovery of Dogecoin. Recently, Dogecoin's trading volume has surged to billions of dollars, potentially signaling a reversal or continuation of its recovery phase. This suggests that the asset may encounter short-term resistance at this level, and Dogecoin's price began to pull back slightly after rising to a local high of about $0.15. Although the asset has pulled back, the higher trading volume indicates that there is still significant interest in it, which may quickly drive its price up. After a prolonged decline, Dogecoin's price has significantly dropped from its historical high, and this cryptocurrency has been in recovery mode.

Recent price movements and the current surge in trading volume indicate that investors are returning to the asset, suggesting potential long-term recovery. However, due to encountering local resistance, DOGE may experience a brief pullback before resuming its upward trajectory. One of the most important levels to watch for DOGE is the direct resistance at $0.15, where the price is currently stagnant. The next target will be around $0.18, and if DOGE can break through this level, more resistance may occur. On the downside, the $0.12 level, which acted as resistance before the recent rebound, may serve as support. Given the high trading volume and price trends, indicating renewed interest in the DOGE asset, the overall outlook is bright. If the resistance level of $0.15 is broken, DOGE may continue to rise to $0.18, but if it fails to maintain above $0.12, it may signal further consolidation. The number of Shiba Inu is significantly increasing, as investors looking for the next market move start to pay attention to Shiba Inu, which recently saw a significant 40% price increase.

After a prolonged consolidation period, SHIB's price has been steadily rising. It has now entered a critical phase that may determine whether this upward trend continues. According to the chart, SHIB currently shows a clear bullish trend and is in an ascending channel. The current price hovers around $0.000018 after a steady increase. One important level to watch is the resistance at $0.000020.

If Shiba Inu breaks through this barrier, the price may rise as the upward trend strengthens. SHIB could approach the next major resistance level of about $0.000025 after this breakout. Support levels of $0.000012 and $0.000015 are crucial for maintaining the bullish structure. If these levels are not sustained, a pullback may occur, leading to a correction. However, assuming the overall market remains strong, considering the current momentum and price trends above the 50 EMA, 100 EMA, and 200 EMA, Shiba Inu is in a relatively favorable position to continue rising. #Ethereum #ShibaInu #Dogecoin