Bullish Pattern Signals Ethereum Price Rebound
- The road has been rather rough for the bulls since Ethereum hit a fresh three-year high in mid-December last year.
- Since then, it has declined by over 20% as the gains recorded in the past two weeks were reversed in the current week.
- The bulls remain in control as the support level along $3,200 remains steady.
- Ethereum price continues to trade above the 20 and 50-day EMAs.
- The formation of the bullish inverted head and shoulder pattern indicates that ETH/USD may have completed its short-term bottom.
- In the near term, the altcoin will likely trade within a range of between $3,200 and $3,850 as the bulls gather enough momentum to retest and surpass the psychologically crucial zone of $4,000.
iDEGEN: An AI Wave That Every Savvy Investor Should Ride
- The creators of iDEGEN were keen on coming up with a project that is for the community, by the community.
- Since its launch in late November 2024, this one-of-a-kind social experiment has relied on degens on Crypto Twitter to learn, adapt, and generate tweets every 60 minutes.
- Over 1.3 billion $IDGN tokens have already been sold, showcasing the project’s virality.
- The growth of iDEGEN has been so aggressive that even a ban from X could not curb its evolution, further fueling its virality and raising over $16 million.
- The returns for savvy investors are at over 72,000% in less than 7 weeks, making it a lucrative opportunity to be a part of.
Shiba Inu Under Pressure from Budding Meme Coins
- In a span of one month, Shiba Inu price has dropped by about 35% as savvy investors shift their focus to budding meme coins.
- The neutral market sentiment has eased the Bitcoin-led rallying that had the altcoin surge to a 9-month high in December 2024.
- Shiba Inu remains one of the top meme coins with a market cap of over $12 billion.
- On its daily chart, the bollinger bands point to short-term range-bound trading of between $0.00002000 and $0.00002244.
- With an RSI of 43, Shiba Inu’s price movements may be rather subtle, and it is currently trading below the 20 and 50-day EMAs.
