ETH whales start favoring Shiba Inu, but can it sustain the rally?

Shiba Inu SHIB is having one of its most important weeks in the recent past, mostly courtesy of Shibarium. This may have renewed investor interest, triggering more demand, which is now evident in its performance.

Timeline of Ethereum, Shiba-inu

Ethereum has reached a new milestone in adoption and security as the number of validators on its network now exceeds 500,000, according to data from BeaconScan. As to whether this milestone or the upcoming Shanghai upgrade will impact Ethereum's price, this depends on a number of factors that we'll explore below.

Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today's session, as the global cryptocurrency market cap also trended higher.

Shiba Inu has surpassed its previous barriers with a massive 20% price surge in the last 24 hours. Although SHIB's price has been on a steady rise since January, this latest rally was a rather unforeseen performance.

Following a massive bullish rally, the Ethereum coin price has shown several higher price rejection candles near the $1600 mark in the last few days. This rejection hints at the exhausted bullish momentum, which could encourage a minor pullback in the near term.

Among other cryptocurrencies, the price of Ethereum (ETH) in 2023 has continued to demonstrate impressive strength in the broader crypto market. In spite of the fact that some market participants may still be skeptical, there is a chance that ETH may surge significantly based on the technical factors currently favoring the second-largest cryptocurrency by market The post Up 25% in 7 Days, This Crypto's Next Move Deserves Your Attention appeared first on CoinGape.

Shiba Inu had a fantastic week so far, managing to book a double-digit price increase. Key Support levels: $0.000010 Key Resistance levels: $0.000014 After a successful breakout above $0.000010, SHIB quickly turned this level into support and then rallied hard.

Ether reached a local high while shiba inu continues its momentum from Sunday, the memecoin jumped 15% in the past day. The post Shiba inu jumps 15% as ether trades around $1,600 following PPI release appeared first on The Block.

Ethereum Shanghai upgrade will allow validators to withdraw for the first time since people began staking in  september 2022 after the merge. However, ethereum stakers won't be able to withdraw right away.

Shiba Inu (SHIB) is experiencing a surge in value, with a 15.2% increase over the last 24 hours and 31.2% over the past seven days. The post What's Behind Shiba Inu (SHIB) 30% Bull Rally appeared first on BeInCrypto.

The formation of a rounding bottom pattern fuels the underline growth of bullish momentum for the Shiba Inu coin. Under the influence of this pattern and a recovery sentimental the market, the SHIB  price rebounded from the $0.000008 support and surged 58% higher to its current price of $0.00000125.