Analysis of current trends in the cryptocurrency market reveals key support levels for Shiba Inu and the rise of Ethereum driven by strong institutional investments.
Shiba Inu at a Critical Support Level
Shiba Inu (SHIB) is trading around $0.00001362 after bouncing back from the $0.00001300 level. The focus is on the support level at $0.00001295. If this level is breached, the token may drop to $0.00001167. However, a potential rise above $0.00001385 may revive buying interest. Indicators show a mixed picture: MACD signals suggest bearish pressure is easing, which could stabilize prices in the short term.
Institutional Growth of Ethereum
Ethereum (ETH) has surged past $4,500, driven by significant institutional investments and active development of decentralized finance (DeFi). Investments in Ethereum ETFs from BlackRock totaled over $640 million in a single day, bringing total ETF inflows close to $1 billion. This activity strengthens confidence in the long-term prospects of ETH.
Cold Wallet's Promotion Campaign and Its Appeal
The presale of Cold Wallet is progressing rapidly, raising over $6.3 million and selling more than 745 million tokens. This project promises to enhance user convenience by automatically refunding transaction fees. Cold Wallet has already integrated with over 2 million active users, reducing the risks associated with adoption.
Current trends in the cryptocurrency market, including Shiba Inu's support and Ethereum's growth, indicate significant changes. Institutional inflows, especially into Ethereum, underline the growing confidence in this cryptocurrency, while Cold Wallet has potential in its presale due to its built-in utility.
