Bullish pattern signals a rebound in Ethereum price
The road has been pretty rough for the bulls since then Ethereum It hit a three-year high in mid-December last year. It has since fallen more than 20% as gains recorded over the past two weeks reversed this week.
Still, the bulls remain in control as the support level around $3,200 remains stable. In fact, the weekly chart shows a rebound. First, Ethereum price continues to trade above its 20-day and 50-day EMA.
Additionally, the formation of a bullish inverted head-and-shoulders pattern indicates that ETH/USD may have completed a short-term bottom. In the short term, the altcoin could trade within the $3,200 to $3,850 range as bulls gather enough momentum to retest and surpass the psychologically important zone of $4,000. is high.
Ethereum price chart: Source: TradingView
iDEGEN: The AI ​​wave every smart investor should ride
The creators of iDEGEN were passionate about coming up with projects by the community, for the community. However, even they could not imagine the extent of its influence.
Since its launch in late November 2024, this unique social experiment has leveraged Crypto Twitter's degens to learn, adapt, and generate tweets every 60 minutes. It is this active and active community that has led to the project's popularity, with over $1.3 billion of $IDGN tokens already sold.
In fact, no one could have imagined how widespread iDEGEN would become less than seven weeks after its launch. Its growth has been so intense that X recently banned the service from its platform for “violent speech.”
However, given the large and active crowd that has embraced this project as their own, even a ban cannot stop this evolution of AI. In fact, it accelerated its virality even further. This has helped the project raise over $16 million at the time of writing.
Smart investors understand that they cannot afford to be shut out of this unique money-making opportunity. Returns are over 72,000% in less than 7 weeks. This means early adopters are already reaping significant benefits as the token gets ready for general store shelves. Furthermore, with the rise of AI meme coins such as ai16z and Fartcoin, iDEGEN is expected to grow into a top token with a market capitalization of over $1 billion. You can purchase Click here for iDEGEN token.
Shiba Inu under pressure from up-and-coming meme coins
In a span of one month, Shiba Inu The price fell by about 35% as savvy investors shifted their attention to the budding meme coin. Additionally, neutral market sentiment has eased the Bitcoin-led bull market that sent altcoins soaring to a nine-month high in December 2024.
On the one hand, Shiba Inu remains one of the top meme coins with a market capitalization of over $12 billion. However, there is a long way to go to retest the all-time high of $0.00008616 recorded in October 2021.
On the daily chart, Bollinger Bands indicate short-term range trading between $0.00002000 and $0.00002244. Further supporting this hypothesis, Memecoin is trading below its 20-day and 50-day EMAs, and the two MAs formed a bearish death cross pattern in late December 2024. Moreover, with an RSI of 43, its price movements can be quite subtle.
Shiba Inu price list TradingView
