The crypto market shows early evidence of the start of a new downswing. Key levels have been defined. Bitcoin rejected from a key level and is losing support from indicators. Ethereum price shows increased momentum during the decline. Ripple price may experience a bearish death cross in the coming hours.
Ethereum price is in a dilemma because trading below the 50-day SMA may validate a falling triangle pattern. Conversely, the second-largest cryptocurrency could extend its early week bullish breakout to tag $1,521 and possibly close the gap to $2,000.
A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet’s analysts evaluate where SHIBA could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.