Shiba Inu (SHIB), Ethereum (ETH), and Bitcoin (BTC) Show Bullish Momentum: Technical Analysis

Shiba Inu (SHIB) Breaks Out Above 50-Day EMA

Shiba Inu (SHIB) has finally broken above its 50-day Exponential Moving Average (EMA), a critical resistance level, after weeks of consolidation. This breakout, coupled with a 3% price increase to $0.0000127, signals a shift in market sentiment. Rising volumes further reinforce growing investor confidence. SHIB is now poised to test the 100-day EMA, with potential targets near the 200-day EMA at $0.0000166. A rising RSI of 54 suggests room for further growth without immediate overbought conditions. If SHIB maintains support above the 50-day EMA, it could attract more traders and investors, potentially marking the start of a bullish phase.

Ethereum (ETH) Sees Revival with Whale Accumulation

Ethereum (ETH) has rebounded, gaining nearly 4% to $1,700, driven by increased whale activity. A prominent whale has accumulated approximately 3,844 ETH ($6.5 million) since April 3, signaling confidence in ETH's value proposition. Technically, ETH is testing its 50-day EMA at $1,884 after breaking out of a symmetrical triangle. A successful breakout could pave the way for a retest of the 100-day EMA at $2,229. Although momentum is building, with volumes rising and RSI at 45-46, ETH still lags behind Bitcoin and SHIB in regaining key long-term moving averages.

Bitcoin (BTC) Surges Above 200-Day EMA

Bitcoin (BTC) has made a strong move, breaking above both the 200-day and 100-day EMAs with a 2.7% daily gain. This technical breakthrough has invalidated the looming death cross and enhanced Bitcoin's short-term outlook. The breakout above $87,000, supported by increasing volume, indicates buyers are regaining control. With the RSI rising to 58, Bitcoin is entering bullish territory with room for further growth. Near-term targets include $90,000 and the psychologically significant $100,000 mark. However, traders should watch for potential resistance in the $90,000-$92,000 zone, where profit-taking could trigger brief pullbacks.

Conclusion

The cryptocurrency market is showing signs of renewed optimism, with Shiba Inu, Ethereum, and Bitcoin all making significant technical progress. SHIB's breakout above the 50-day EMA, ETH's whale-driven rally, and Bitcoin's reclaiming of key EMAs suggest a bullish shift in momentum. Traders and investors should monitor these levels closely, as sustained upward movement could signal the start of a broader market rally.