The 50 SMA has been breached, which is an important technical level that acts as a strong support for the bullish momentum Ethereum. The asset is at a turning point, and the sustainability of its uptrend is in question, as is its ability to sustain its recent rebound.

When this level is lost, the market structure weakens, and bears may take control. The downward momentum of the RSI, which fell further into the neutral zone, indicates less buying pressure, which is also consistent with a decline. Ethereum may pull back further to test the 100 EMA somewhere around $3,100 if it cannot recover the 50 EMA quickly.

If this level is broken, selling may continue towards the 200 EMA at $3044, the last important support area before a more significant correction. Between $3,100 and $3,400, Ethereum may trade sideways as it enters a consolidation phase. This situation will be an indicator of market indecision as traders watch for more powerful catalysts Ethereum In both directions.

Ethereum's upward trajectory could be reconfirmed if there is a quick recovery above the 50 EMA and higher volume. If momentum picks up again, Ethereum price could rise towards $3,800. In this scenario, the next resistance level could be $3,500. The following trading sessions will be very important for Ethereum.

To prevent further selling pressure, the 50 EMA should recover. However, ETH may enter into a more severe correction phase if there is persistent pessimism and lack of buying support. Ethereum is currently at a turning point, and the extent to which it is able to recover from its losses will determine its course for the coming year.

Solana is under pressure

With its price approaching the 200 EMA, Solana It has reached its limits. The 200 EMA, which is currently trading at $175, could be a key indicator of whether Solana is able to stabilize or whether it faces more downward pressure after a prolonged decline.

The 200 EMA has historically served as a buffer against downtrends. Before attempting a recovery, SOL may signal a potential reversal, or at least, a period of consolidation if it manages to hold above this level. The price may return to the resistance levels at $195 and $215 if it bounces from this level.

However, Solana's current downtrend and high selling volume cast doubt on its ability to hold on to this support. Conversely, the next important support area is near $150 if Solana is unable to hold the 200 EMA. Precipitated selling could result from a breakdown below $175, which could push the price into an unheard-of territory. accepted for this course. In this case, Solana It may take longer to regain its upward trajectory, and market confidence will likely be further undermined.

A potential rise is suggested by the RSI for oversold conditions. But the warning sign is double the buying volume at the moment. If buyers do not intervene quickly, the bearish narrative may take over and cause further losses. SOL price action will be very important in the coming days. Maintaining any hope of recovery requires holding above the 200 EMA.

To assess market sentiment, traders should monitor the $175 level closely and look for any notable shifts in volume and RSI. Solana is currently at a pivotal point in his history, and his future will depend on his ability to retain a significant amount of support.

Shiba Inu is at critical level

With its price moving around the 200 Exponential Moving Average, a level frequently used as a long-term trend indicator, the Shiba Inu is approaching a pivotal turning point. This area is currently around $0.000020, and represents the overall inability of the asset to maintain the recent uptrend momentum, as well as being a crucial support level.

Due to the breakout of the higher moving averages, SHIB has entered a bearish phase, raising questions about its short-term recovery prospects. The pullback towards the 200 EMA essentially reflects the upward trend of GrayWhich indicates that selling pressure has replaced speculative euphoria. Significant psychological and technical hurdles could be revealed for the token if the price falls below this level, which could indicate additional losses and possibly push it to $0.000018 or even $0.000016.

If SHIB is able to maintain its position above the 200 EMA and recover to $0.000022, it may generate new interest and provide some relief to the discounted token price. Gray This phase is seen as an opportunity for a new beginning, as well as the conclusion of its recent rally. The course of its future will be determined by the clear actions taken from here.

SHIB could resume its upward trajectory if speculative appetite picks up again. If not, there is a possibility that investor confidence will decline further and lower levels will become the new focus. Whether SHIB's story is one of recovery or continued decline will be determined in the coming days.