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Cryptocurrencies Price Prediction: Shiba Inu, Ethereum and Ethereum Classic – European Wrap 13 September

Cryptocurrencies Price Prediction: Shiba Inu, Ethereum and Ethereum Classic – European Wrap 13 September
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu price edges closer to a 25% crash

Shiba Inu price shows a strong adherence to the immediate support level despite the recent crash. Investors need to be careful, however, as in its current position SHIB could go either way.

SHIB/USDT 1-day chart

Ethereum holders watchout for proof-of-work fork post Merge

Ethereum proof-of-work handle, ETHW, announced the hard fork on Twitter. ETHW mainnet will be live 24 hours post the Merge. Analysts consider the transition to proof-of-stake a key catalyst for Ethereum price, identifying a shorting opportunity at the $1,700 level. 

 
ETH-USD price chart

Ethereum Classic price will go nowhere as pennant formation locks up volatility

Ethereum Classic (ETC) price action is fluctuating without making any big waves as price action undergoes a consolidation with lower highs and higher lows for the month of September. ETC price sees bulls failing to raise their game as the Relative Strength Index (RSI) shows signs of a slowdown in the rally. Expect a pennant breakout by the end of this week with more downside.
ETC/USD Daily chart

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