Crypto Blog
Ethereum continues to hold above $3,000 and closed the week with a 2% price increase. This brings optimism that the correction may be approaching an end. So far, buyers have come in strong any time the price falls under $3,000.
The indicators have been flat since the crash in mid-April, and volume has been falling. Until it returns, this price action is unlikely to change much, as there is no conviction from buyers or sellers right now. Looking ahead, the momentum indicators appear to give hints that buyers could be returning. To confirm this, the price has to make a new local high and return above 50 cents.Shiba Inu is similar to ADA and managed to close the week with a 3% price increase. The current resistance is found at $0.000025 and is the most significant challenge for bulls right now.
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