The post Ethereum (ETH) Just Lost It, XRP: Be Ready for Key Battle, Shiba Inu (SHIB): This Can Change Everything appeared on BitcoinEthereumNews.com.

XRP will face it  Shiba Inu on edge The recent price performance of Ethereum is not encouraging, and the cryptocurrency is perched on a precipice. ETH is trading at $2,508 ETH, and the 200 EMA is now its last hope. Ethereum has historically found strong support at the 200 EMA, but this time around, things are different. There is little indication that the bulls have what it takes to hold this level for very long, and the price action is displaying weakness.  Ethereum’s explosive rise in April and May now appears to be a fading memory when viewed on a larger chart. In a narrow channel the asset has been grinding sideways since the breakout momentum completely stopped. With ETH currently testing the channel’s lower bounds, this consolidation has finally broken down. Another concerning indicator is the lack of buying volume, which is a crucial component that has dried up and supported the pessimistic outlook.  SHIB/USDT Chart by TradingView The 100 EMA, which is located close to the $2,250 zone, is the next reasonable target for the price to find support if ETH loses its hold on the 200 EMA. That would eliminate the bullish surge of the previous month and represent a substantial decline from current levels. Another critical psychological level is the 100 EMA; if it moves, Ethereum may be in for an even more severe correction. Indicating that neither buyers nor sellers are really pushing, the RSI indicator is also rolling over and is presently trapped in a neutral zone. But the bears are more likely to gain control as volume slows and momentum wanes. Ethereum may be poised for a breakdown that would cause it to plummet below $2,250 and approach the 100 EMA support zone, barring a sharp spike in demand. ETH appears to have…

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Filed under: News - @ June 3, 2025 4:28 am