Shiba Inu, Ethereum & Bitcoin — Asian Wrap 24 May [Video]

Shiba Inu price could be deemed a crypto underperformer if market conditions persist. Continual diminishing returns are a probable outcome for the notorious meme coin. Invalidation of the bearish thesis is a breach above $0.00001850.

 

Ethereum price displays reasons to believe in a price spike to $2400. Traders should still approach the smart contract blockchain cautiously and use a tight invalidation level. Ethereum price hints that a countertrend spike will occur as the bears seem to be uninterested in suppressing the price further on the daily chart.

 

Bitcoin (BTC) continues to trade sideways but its price action hints at more upside in the short term, whereas the short-to-medium term is somewhat bearish. The main scenario, in fact, points to 32k at least, then down. Rune (Rune) has a slightly different main count compared to bitcoin, but the short-term price action will determine whether we see a lower low or a higher high first.