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Cryptocurrencies Price Prediction: Floki, Ethereum & Shiba Inu — Asian Wrap 27 June

Cryptocurrencies Price Prediction: Floki, Ethereum & Shiba Inu — Asian Wrap 27 June
FXStreet TeamFXStreet TeamFXStreet

Could profit-taking from FLOKI holders lower its price?

FLOKI is down nearly 6% on Wednesday, as key on-chain metrics and speculations suggest that investors may enter a profit-taking spree if its price encounters a steep decline.

Ethereum ETFs may launch on July 4, could see 40% rally afterwards

Ethereum (ETH) is down 1% on Wednesday following reports that the Securities & Exchange Commission (SEC) could approve spot ETH ETFs on July 4. Meanwhile, brokerage and financial services firm, StoneX, predicted ETH to see a 40% gain in two months after ETH ETFs go live.

Shiba Inu price poised for 18% rally after three-month-long downtrend

Shiba Inu (SHIB) price found support at the 200-week Exponential Moving Average and is currently trading up 2.3% on Wednesday. On-chain data indicates SHIB experienced a capitulation event on June 24, with supply on exchanges decreasing, suggesting bullish momentum could drive SHIB's price higher in the coming days.

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