the movement of the 3 largest cryptocurrencies that will be profitable in the Ethereum ecosystem: Shiba (SHB), Arbitrum (ARB), and Ondo Finance (ONDO).
Recently, the crypto market was shocked by the positive news about the approval of the Ethereum Spot ETF to be officially traded on the NYSE exchange. This decision is expected to have a significant impact on the Ethereum ecosystem, including some of its largest cryptocurrencies
In this article, will analyze
Daily Chart of SHIBUSD
If SHIB can break the upper limit at $0.000017, there is an opportunity to move up, but still need to be alert to the potential for further correction.
Market sentiment towards SHIB is still influenced by project developments and user adoption which is not yet significant. Thus, SHIB price movements are still very dependent on news and global market sentiment towards crypto in general.
ARBUSD Daily Chart
ARB is still the main second layer blockchain supporting Ethereum. As long as the lower limit at $0.74 is still maintained, there is a possibility that ARB could rise to $1.26 if the upper limit at $0.94 is successfully broken.
ONDOUSD Daily Chart
As long as the lower limit at $0.9 is still maintained, it is possible that ONDO will rise again to reach $1.2 to $1.5 in the next few days. However, the latest news in the ecosystem is still needed to become a positive sentiment.
