Bulls Take Control of the Cryptocurrency Market: Bitcoin and Ethereum Lead a Strong Recovery, Shiba Inu Hits Key Milestone
The cryptocurrency market is showing signs of renewed strength, with bulls taking control after weeks of volatility and downturns. Bitcoin has surged past bearish liquidity levels, setting the stage for a potential rapid comeback. Ethereum is steadily retracing important support levels, and Shiba Inu has marked a symbolic milestone by removing an excessive zero from its price. Meanwhile, Ethereum regains footing above $4,000, signaling growing investor confidence.
**Ethereum Marks an Important Retrace**
Following weeks of extreme volatility and a brief dip below key support, Ethereum (ETH) is making a solid recovery. The second-largest cryptocurrency by market capitalization rebounded strongly from recent lows near $3,600 and is now trading above $4,000, posting a gain of more than 2% in the last 24 hours.
This recovery is supported by Ethereum finding footing at its 200-day moving average—a crucial technical indicator often used to gauge long-term trends. The bounce off this level suggests renewed confidence among traders and investors. Additionally, ETH’s price has moved back above the 50-day exponential moving average (EMA), further indicating a potential weakening of bearish momentum.
Volume indicators reveal increased buying activity, accompanied by stronger green candles in recent trading sessions, signaling possible accumulation taking place. The Relative Strength Index (RSI) has also started rising from oversold territory, pointing to a likely continuation of the short-term upward trend if buying pressure persists.
On a broader scale, Ethereum’s resilience mirrors improving market sentiment after a week marked by significant liquidations. Bitcoin’s stability above $107,000 is a positive sign, bolstering risk appetite that benefits ETH and other large-cap cryptocurrencies.
Looking ahead, Ethereum faces resistance between $4,200 and $4,300. A confirmed breakout above this zone could lead to retesting higher levels such as $4,500 or even the $4,800 seen earlier this year. To preserve the current bullish momentum, support must hold above $3,900.
In summary, Ethereum remains firmly in play, with recent price action signaling a market that has stabilized and shifted momentum back in favor of the bulls.
**Bitcoin’s Volatility Back on Track**
Bitcoin (BTC) has made an impressive recovery following a tumultuous week of volatility and large-scale liquidations. The leading cryptocurrency has rallied back above $110,000, breaking through short-term bearish pressure that dominated since last Friday’s crash.
After finding solid support near the 200-day moving average—a historically reliable support level for long-term holders—Bitcoin began its recovery. A brief dip below $106,000 was quickly reversed, triggering a wave of short liquidations and renewed buyer interest.
In the past 24 hours, Bitcoin has gained almost 3%, reclaiming the $110,000 level and stabilizing just below resistance at $113,000 to $114,000. On-chain and order book data show increased liquidity concentration between $112,000 and $115,000, where stop orders and leveraged short positions are clustered.
A successful breakout above this range could propel Bitcoin toward $118,000 to $120,000, potentially sparking a fresh round of short-covering. From a technical perspective, Bitcoin’s RSI has bounced back from oversold conditions, hinting that bearish momentum is easing. Rising trading volumes further support the idea that this bounce could signal the start of a structural recovery rather than just a short-lived dead cat bounce.
To confirm a sustained upward trend, Bitcoin needs to maintain support above $108,000 in the coming days. Traders should watch for consolidation between $110,000 and $114,000, as breaking out of this range may restore market confidence and lead to a retest of previous highs.
After breaking the bears’ grip at $110,000, Bitcoin appears to have changed its short-term narrative—for now.
**Shiba Inu Recovery Hits Psychological Milestone**
Shiba Inu (SHIB) has shown promising signs of recovery after several challenging weeks of decline and uncertainty. Holder confidence received a much-needed boost when SHIB’s price moved above $0.00001000, effectively removing an extra zero—a psychological milestone closely watched by the community.
This price recovery was underpinned by historical demand levels and oversold RSI readings around the $0.00000900 mark, which provided firm support. Buyer intervention helped momentum build, sparking a rally of over 5% recently.
Volume has also increased slightly, indicating that Shiba Inu is gradually regaining traction in the market. Technically, if SHIB can hold above this level and close above its 20-day moving average, this move could confirm a short-term trend reversal.
The next resistance lies around $0.00001120. Beyond that, the more significant barrier is near $0.00001250, which will be critical in determining whether this recovery evolves into a sustained long-term uptrend.
—
Overall, the cryptocurrency market appears to be regaining its footing, with Bitcoin and Ethereum leading the charge and Shiba Inu marking a symbolic recovery. As bullish momentum builds and key resistance levels come into focus, traders and investors will be watching closely for confirmation of a more sustained rally.
https://u.today/crypto-market-prediction-ethereum-eth-is-back-bitcoin-btc-breaks-bears-at-110000-shiba-inu-shib
