Ethereum (ETH) $3,000 Comeback Is Over, Dogecoin (DOGE) 7.7 Billion Price Peaks, Will Shiba Inu (SHIB) 40% Price Growth Continue?

Hopes of $3,000 Rally for Ethereum Stall

Ethereum's recent surge of 15% had fueled expectations for a rally towards $3,000. However, this momentum has hit a roadblock at the 100 EMA, which has proven to be a strong resistance level.

Ethereum's recovery has stalled at this resistance, and the price is now declining after reaching a peak of $2,820. It has struggled to maintain its upward trend, particularly within the $2,600-$2,700 range.

The lack of clear support below the current price of $2,622 adds to the uncertainty. If Ethereum falls below $2,400, it could retrace further to $2,200.

With dwindling trading volumes and market uncertainty, a sustained recovery seems less likely in the short term. Ethereum's $3,000 target may have to wait, despite its solid fundamentals. Traders should monitor crucial support levels to prevent further declines.

Dogecoin's Recovery: A Sign of Renewed Interest

Dogecoin has experienced a surge in volume, reaching multibillion-dollar levels. This surge may indicate a reversal or continuation of its recovery phase. However, the price has retraced slightly after reaching a local high of $0.15, suggesting short-term resistance at this level.

Despite the retracement, the higher volume indicates continued interest in Dogecoin, which could drive its price higher. Following a sharp decline from its all-time highs, the cryptocurrency has been in recovery mode.

The recent price action and volume spike suggest a potential long-term recovery, as investors return to the asset. A brief retracement is possible before DOGE resumes its upward trajectory.

Key resistance levels to watch for DOGE are $0.15 and $0.18. Support is likely to be found at $0.12, which served as resistance before the recent rally. Overall, Dogecoin's outlook remains positive due to the increased volume and price movement.

Shiba Inu's Significant Surge

Shiba Inu has drawn attention with its recent 40% price increase, making it a target for investors seeking the market's next big move.

SHIB has been steadily rising after a period of consolidation. It is now in an ascending channel, exhibiting a bullish trend. The current price hovers around $0.000018.

Resistance at $0.000020 is a crucial level to monitor. A breakout above this level could fuel further gains towards $0.000025. Support levels at $0.000012 and $0.000015 are critical for maintaining the bullish structure.

With current momentum, SHIB is in a strong position to continue its rally, especially if the broader market remains favorable.