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#ETHOnTheRise  #ETH  

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The famous meme coin Shiba Inu might be getting ready to break its previous all-time high. The movements on charts are spreading excitement among the Shib Army. At the end of October 2021, as the crypto market was about to take a dip, the dog-themed meme coin started its downward journey. From a peak of $0.00008854, it touched the bottom at $0.00000543 in June 2023. What are the symptoms that point towards an uprising? Let’s discuss. Historical Price Patterns of Shiba Inu Before we dive into the current conditions, let’s have a look at the past. As Niccolò Machiavelli said, “Whoever wishes to foresee the future must consult the past.” Since June 2022, SHIB has been moving mostly in a confined zone between $0.00000731 and $0.00001320. The memecoin finally broke out of this range in February 2024. The price has been following the support and resistance levels indicated by the Fibonacci retracement perfectly. In the last week of February 2024, SHIB surged by 371.98% to reach $0.00003564, however, it could not hold this position for long. Facing rejection from the 0.618 level of Fib at $0.00003429, the token started another down movement. From March to November 2024, Shiba Inu moved in a symmetrical triangle only to receive an upside breakout during the US election. #ETHOnTheRise $ETH ETH

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The cryptocurrency market has reached a new all-time high (ATH) of approximately $3.64 trillion, marking a 2% increase in the past 24 hours. This surge is driven by significant gains in altcoins such as Ethereum (ETH), Ripple’s XRP, Hedera (HBAR), Dogecoin (DOGE), and Solana (SOL). Notably, XRP has surpassed Solana and Tether (USDT) to become the third-largest cryptocurrency by market capitalization #ETHOnTheRise $ETH

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The Ethereum price has rebounded at its critical $3,500 support level in the last 24 hours. However, while price action suggests potential for upward movement, the futures market indicator reveals an alarming divergence in market sentiments. The open interest metric has reached a new all-time high. This spike suggests an unprecedented level of speculative activity in Ethereum’s derivatives market. Moreover, this surge in open interest is occurring without a surge in the price of the ETH token. This raises concerns about increased volatility and possible liquidation cascades. Notably, if the Ethereum price faces a sudden downturn or a major crash, the overleveraged positions could trigger a wave of forced liquidations, resulting in a major price plunge. #BTC #ETH #ADA #XRP

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Tether has minted an additional $1 billion USDT on the Ethereum blockchain, marking a significant move in stablecoin circulation. This brings Tether’s total minting to $16 billion for November alone, signaling heightened demand for stablecoins across crypto markets. The increase aligns with growing liquidity needs as traders and institutions seek stability amid market volatility. Tether’s expanding supply continues dominating the stablecoin market, reinforcing its pivotal role in trading and DeFi activities globally. Meanwhile, Tether’s USDT surge, boosted its market cap by 10.5% to $133 billion, dominating with a 69.9% market share. #BTC #ETH #ThanksgivingBTCMoves $BTC $ETH

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Bitcoin has recently surged past the $96,475 mark, up over 1.3% in the last 24 hours, continuing its strong upward trend. This positive movement is supported by key market indicators that suggest short-term bullish momentum is building. Meanwhile, Financelot’s tweet shows an interesting chart with some clear signs of growth. Bitcoin’s price is moving within an ascending channel, and the MACD pointing upwards. These signals suggest that market strength is growing and investor confidence is on the rise. Bitcoin looks like it's about to break above $100k, potentially running to $109k this week before collapsing. $BTC #BTC #ETH

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