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Shiba Inu, Ethereum, and Bitcoin Gear Up: Is a Major Crypto Bull Run on the Horizon?
The cryptocurrency market is showing fresh signs of life, with Shiba Inu (SHIB), Ethereum (ETH), and Bitcoin (BTC) all flashing strong technical signals. As broader market momentum shifts and investor sentiment improves, could this be the start of the next major bull run?
Shiba Inu (SHIB) Approaches Breakout Territory
Shiba Inu is making waves again after weeks of subdued price action. SHIB has finally crossed the key 50-day Exponential Moving Average (EMA) — a key resistance level commonly regarded as the entry point to trend reversals. Traded at $0.0000127, SHIB has gained close to 3% over the last 24 hours, with its signals pointing towards a possible breakout.
Rising trading volume and this EMA crossover are encouraging signs. If momentum holds, SHIB could soon test the 100 EMA, with the 200 EMA near $0.0000166 as a longer-term target.
The Relative Strength Index (RSI) has climbed to 54, suggesting positive momentum without entering overbought territory, leaving SHIB with plenty of room to run. Key resistance lies at $0.0000148 and $0.000017, while the 50 EMA now acts as a crucial support level.
With market sentiment improving, SHIB may benefit from renewed risk appetite in crypto markets. If it can maintain current levels and build on this breakout, SHIB might finally emerge from its extended downtrend.
Ethereum (ETH) Awakens: Whale Accumulation Signals Confidence
After a sluggish few weeks, Ethereum is showing signs of recovery, rising 4% to around $1,700. Whale activity is adding fuel to the fire: in the last 10 hours alone, a notable whale withdrew 1,897 ETH (~$3 million) from Bitget, part of a broader 3,844 ETH (~$6.5 million) accumulation spree since April 3.
These moves suggest strong institutional confidence in Ethereum’s long-term potential. On the technical front, ETH is attempting to break above its 50 EMA, currently at $1,884, after climbing out of a local symmetrical triangle pattern.
Although its RSI remains modest at 45–46, the rising volume indicates that momentum is building. Nevertheless, Ethereum is behind SHIB and BTC when it comes to recouping long-term moving averages such as the 200 EMA. But if bearish momentum holds, ETH is potentially set up for a larger bullish move.
Bitcoin (BTC) Recovers Key Levels, Targeting $100,000
Bitcoin has taken a strong technical step that may position it for its long-awaited move towards $100,000. With a 2.7% daily rise, BTC has assertively recovered both its 100-day and 200-day EMAs — two key levels of support now that diminish bearish risk and increase bullish confidence.
For weeks, BTC had been consolidating just below major resistance, wedged between the 50-day EMA and overhead levels. This tight range created market indecision. But with a sudden surge above $87,000 and rising volume, Bitcoin now looks ready to move higher.
The RSI has climbed above 58, signaling bullish territory without overextension. Near-term resistance sits in the $90,000–$92,000 range, where some profit-taking may occur. But if buyers maintain control, BTC could break past these levels and make a serious push toward $100,000.
Importantly, this breakout also invalidates a looming death cross (a bearish crossover of EMAs), reinforcing a more optimistic structural outlook.
Final Thoughts: The Crypto Market Awakens
With Shiba Inu having shattered key resistance levels, Ethereum having seen heavy whale accumulation, and Bitcoin recovering its important moving averages, overall sentiment in the cryptocurrency market is trending towards bull territory.
Together, the technical breakouts, climbing volumes, and return of investors imply that the making of a more extensive crypto bull run might be underway. While caution is always warranted — especially near psychological resistance levels — the current trendlines hint at a potentially explosive next chapter in the ongoing crypto story.
