Ethereum (ETH) Is Back, Bitcoin (BTC) Breaks Bears at $110,000, Shiba Inu (SHIB) Ramp Deletes Zero — TradingView News
Bulls are suddenly taking control of the cryptocurrency market, with Bitcoin easily breaking through bearish liquidity and setting itself up for a potential rapid comeback, while Shiba Inu removes an excessive zero from its price as ETH is back above $4,000.
Marking important retrace
Following weeks of extreme volatility, and a brief decline below important support levels, Ethereum is now recovering well. With a significant reversal from recent lows near $3,600, the second-largest cryptocurrency by market capitalization has recovered, and it is currently trading above $4,000 after rising more than 2% in the last day.
ETHUSDT Chart by TradingView”>
Ethereum’s recovery occurs as it finds support at the 200-day moving average, a critical…
