The post Shiba Inu Shows Signs of Recovery Amid Bitcoin Rally and Ethereum Nears Key $3,000 Level appeared on BitcoinEthereumNews.com.

Bitcoin’s recent surge past $117,000 marks a significant milestone, signaling renewed strength in the cryptocurrency market. Shiba Inu’s breakout above key moving averages indicates growing bullish momentum supported by increased whale activity. According to COINOTAG, Ethereum’s approach to the $3,000 threshold reflects a cautious yet optimistic market sentiment amid rising technical support. Bitcoin breaks $117K resistance with strong volume; Shiba Inu rallies on whale activity; Ethereum nears $3,000 amid cautious optimism in crypto markets. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin Breaks Key Resistance, Signaling Potential Long-Term Rally Bitcoin has demonstrated remarkable resilience by breaking through critical resistance levels, soaring above $117,000 with a surge supported by increased trading volume. This breakout is not a mere speculative spike but a technically significant move that ended a prolonged consolidation phase. The price action has decisively surpassed seller barriers that had capped gains since late spring, exiting a multi-month consolidation triangle. This pattern historically precedes substantial cyclical upswings, suggesting that Bitcoin may be entering a new bullish phase. The momentum behind this rally is underscored by the liquidation of short positions and steady accumulation from institutional investors, which lends credibility to the breakout. Market participants should note the volume spike accompanying this move, as it validates genuine demand rather than transient hype. While short-term volatility and pullbacks are expected due to overbought conditions on daily charts, the broader trend…

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Filed under: News - @ July 12, 2025 3:27 am