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Cryptocurrencies Price Prediction: Shiba, Ethereum & Bitcoin – European Wrap 5 January

Cryptocurrencies Price Prediction: Shiba, Ethereum & Bitcoin – European Wrap 5 January
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu Price Forecast: SHIB faces downside pressure as it dips below key support

Shiba Inu’s (SHIB) price took a surprising route in the first trading days of 2024, defying expectations of a bullish start to the year. Not only has it dipped on the charts, but the meme coin has also nearly invalidated a major bullish reversal technical pattern, increasing concerns of further downside ahead for the investors of this cryptocurrency.

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Ethereum price could target $3,000 with ETH whales buying the dip

Ethereum (ETH) price is attempting a recovery bounce that could kickstart a run-up to new yearly highs. Supporting on-chain and technical indicators add credence to this bullish ETH outlook. 

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Following spot Bitcoin ETF applicants, SEC holds meetings with NYSE, NASDAQ and other exchanges

Bitcoin price, a day the crash, has nearly recovered, thanks to the investors realizing the FUD behind the incident. On the other hand, the reason behind the FUD was also debunked as spot BTC ETF applicants took another step forward in reassuring users awaiting approval from the Securities and Exchange Commission (SEC).

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