Just start? Driving the price of Ethereum (ETH) to start here?

Optimism regarding the meme coin has increased due to Shiba Inu's recent recovery above the 100 EMA at $0.0000230. But this regression is still not enough to prove a valid conversion. Although a positive move, retrieving the 100 EMA is not enough to change the bearish sentiment that has dominated SHIB for weeks. A major problem that hinders the revival of SHIB is that the number of trades is declining.

The lack of significant buying interest indicates low trader conviction, even if the price is rising. Often, this price difference reflects a fragile collection that can be difficult to maintain over time. Breaking above the 200 EMA, which is currently acting as resistance near $0.0000250, is needed for SHIB to establish a major trend reversal.

The asset could move towards the $0.0000300 area, a psychological barrier if it closes above this level, indicating a stronger bullish trend. If SHIB cannot maintain its position above the 100 EMA, it can reconfirm support at $0.0000205. The bulls' last line of defense is the 200 EMA below.

A resumption of bearish pressure and invalidation of the recovery attempt could occur if there is a breakdown below these levels. Although a recent recovery halted SHIB's downward trend, it is still far too early to call for a full turnaround.

At the moment, SHIB is in a conversion phase, and its future actions may determine the token's short-term outlook. If the volume remains low, traders should prepare for another pullback or wait for a break above $0.0000250 to confirm bullish strength.

Solana goes through

With 13% of its value recovered in the last few trading sessions, Solana has made a huge comeback. There have been signs that retailers are resisting, however, and the recovery has been cautious. Heavy selling pressure is evident in the upper upper shadow on recent candlestick patterns, which indicates problems for bulls trying to sustain an uptrend.

SOL is currently trading near $196 and getting closer to the 200 EMA, a key resistance level. If this level is successfully broken, it may pave the way for a push to $210, where there is more resistance. If you don't go above these levels, however, it could lead to redraw. Bulls have a safety net at $175, which is also the level that corresponds to the 100 EMA.

The candlestick shadow, which shows an increase in selling pressure, shows laziness in the market. This could be due to short-term traders taking profits or a general lack of faith in long-term accumulation. The visible descending channel of the chart increases the level of uncertainty as SOL must confirm a reversal of trend with a clear break above the upper trend line.

Volume remains moderate, but a stronger recovery could be fueled by increased buying interest. Solana's short-term price movement depends on its ability to break above the $200-$210 range. A break above this level could initiate a further recovery that could lead to $230.

Ethereum is going up

Since Ethereum recovered from crucial support levels near $3,200, its recent price movement has attracted attention. This recovery coincides with Ethereum regaining its 50 EMA, a crucial technical indicator that is often interpreted as a pivot in momentum. The possibility of a push towards the psychologically crucial resistance of $4,000 has increased due to a break above this level.

Ethereum saw a gradual drop before bouncing back, testing its strength in the resilient $3,200 zone. If ETH can sustain a move, a recovery from this level would indicate that a new bullish trend could emerge. With Ethereum targeting $4,000 as its next major hurdle, a break above $3,500 could be the next confirmation.

To continue this rally, Ethereum must first maintain its position above the 50 EMA and consolidate above $3,500. This would suggest that market participants have regained their confidence and buying interest. A run to $4,000 will be possible if these conditions are satisfied, with additional resistance near $4,200. Still, there are risks.

If the 50 EMA is not sustained, a move back to $3,300 or even $3,050 is possible. Ethereum's bullish breakout would be delayed by such a move, which could signal a long consolidation. Ethereum's ability to break through important levels with strong volume support will determine much of its short-term course. As the asset moves back into bullish territory, the continued recovery indicates that investors are keeping a close eye on it.

Ethereum could spark renewed market optimism and pave the way for new highs, if it can break $4,000. The pace of Ethereum's next big move will be determined by the immediate support at $3,300 and resistance at $3,500, so traders should keep an eye on these levels in the meantime. The current outlook is cautiously optimistic.