Shiba Inu (SHIB) continues to meet even though Elon Musk confirms he does not have a SHIB while Ethereum (ETH) withdraws support at around $4,000 as bulls push to gain more than $4,400.
The cryptocurrency market has remained positive for the time being. Altcoins have grown in popularity as Bitcoin has risen to a new all-time high of over $ 67,000. Last week, Ethereum gained more than $4,000 and was on the verge of reaching $4,200. When Shiba Inu soared over the weekend, trading above $ 0.000039 at the reporting, Solana raised more than $210.
Shiba Inu Price Chart – Source: CoinMarketCap
Shiba Inu fans are worried about the confession of Elon Musk, founder and CEO of Tesla, that he does not own SHIB. However, Musk said he currently owns Bitcoin, Ethereum, and Dogecoin.
Despite the dismal news from Tesla’s billionaire, Shiba Inu has risen above $ 0.00004 and is on the verge of crossing $ 0.000045. It has a market value of $ 20 billion and a trading volume of over $15 billion. Shiba Inu is currently ranked 13th in the market, behind the UniSwap.
Last week, Ethereum (ETH) came close to closing the gap, reaching $ 4,400, but was forced to retreat below $ 4,000. With an estimated $ 3,900, the region has played a critical role in ensuring that the fall is contained and that the economy begins to recover. The rising trend line and the 50 Simple Moving Average (SMA) on the four-hour chart intensified this consumer congestion zone.
In the meantime, Ether traded for about $ 4,163 USD at the time of writing while the bulls were working on a record-breaking campaign in support. The buy signal is expected from the MACD at the same time and will strengthen the bulls’ presence in the market.
Ethereum Price Chart – Source: CoinMarketCap
As it travels from the middle line to the highly purchased area, the RSI has shifted back in favor of bulls. This demonstrates that before another meeting to tighten Ethereum to $5,000, consumers were quite aggressive.