Ethereum has experienced a significant price breakthrough, with bullish momentum indicating investor confidence. It has surpassed resistance levels and is now trading at about $3,615. The breach of the $3,500 mark, corresponding to the 50-day exponential moving average (EMA), has bolstered bullish sentiment. The next resistance level to watch is $3,700, with $3,500 now serving as crucial support. Despite the bullish movement, concerns remain about trading volume and broad participation in the breakout.

Meanwhile, Shiba Inu (SHIB) has struggled to sustain bullish activity, retreating after a brief surge. The asset broke the 26-day exponential moving average (EMA) but has fallen back to lower levels. Lack of substantial trading volume and a bearish momentum indicated by the Relative Strength Index (RSI) suggest that SHIB may not regain its footing soon. The $0.00002254 level is an important support for now.

Solana is facing a crucial resistance level as it attempts to break above the 50-day exponential moving average. Its failure to overcome this level raises doubts about sustaining its recent upward momentum. The range of $240-$250 could be the target if key EMAs are successfully crossed, but a retracement to the $200 support level or even further declines are possible if bearish pressure increases.

Overall, Ethereum shows strong bullish momentum, while Shiba Inu faces challenges in sustaining bullish activity and Solana is at a turning point with an uncertain future.



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