Cryptocurrencies Price Prediction: Ethereum, Algorand and Shiba Inu – European Wrap 2 June

FXStreet Team FXStreet

After the recent pump and dump, where will Ethereum price go next?

Ethereum price has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally before a massive crash to significant levels.

How Algorand price could challenge the macro bearish outlook

Algorand price is cycling between support and resistance in a range that has kept it under wraps since the May 12 crash. Due to the possibility of a relief rally for Bitcoin price influencing the whole crypto market, ALGO also has the potential for a breakout and upswing scenario evolving that could result in sizable gains.

Smart money accumulation signals a 60% upswing for Shiba Inu price

Shiba Inu price continues to coil up as it trades every single day. After reaching a critical point, the momentum will collapse to one side, resulting in a breakout. Considering the market structure of Bitcoin and the recent pullback, a bullish move seems likely for SHIB.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

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Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

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Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

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