NAIROBI (CoinChapter.com)— Ethereum (ETH), Shiba Inu (SHIB), and Litecoin (LTC) are navigating a volatile market as investors react to technical signals, whale activity, and broader economic factors. While Ethereum shows signs of both accumulation and liquidation risks, Shiba Inu struggles under bearish pressure, and Litecoin faces profit-taking after recent gains.
ETH Faces Make-or-Break Moment as Bearish Pressure Mounts
Ethereum (ETH) is at a critical juncture, currently trading around $2,692, as seen in the latest four-hour chart. The asset is forming a descending wedge pattern, a structure that often signals a breakout, but short-term momentum remains uncertain. ETH continues to face resistance at the 200-day Exponential Moving Average (EMA), currently at $2,702, reinforcing the prevailing downtrend.
If ETH fails to hold $2,670, a drop toward $2,560 looks likely. The Fibonacci retracement levels suggest buyers might step in between $2,476 and $2,553, but the overall trend remains weak.
Liquidation risks remain a major concern. $74 million in long positions could be wiped out if ETH slips below $2,657, while another $275 million in leveraged positions face liquidation if ETH fails to reclaim the $2,730 resistance zone.
Despite this bearish outlook, on-chain data from Ali Martinez indicates heavy accumulation. Over the past ten days, 900,000 ETH (worth $2.45 billion) have been withdrawn from exchanges, reducing sell pressure.
Additionally, whale transactions surged, with 280,000 ETH ($764.68 million) purchased in 72 hours.
Shiba Inu’s Struggles and Potential Recovery Prospects
Shiba Inu (SHIB), the second-largest memecoin, has been under intense selling pressure, with its market capitalization plummeting from $19.7 billion in Dec. 2024 to $9.92 billion currently. The token’s price has fallen 49.6% from its December peak of $0.00003343 to $0.00001684.
Despite the downturn, optimism remains among some analysts. Javon Marks anticipates a potential rally to $0.0001553, while more aggressive forecasts suggest SHIB could reach $0.000473. If SHIB attains XRP’s market cap of $161 billion, its price could hit $0.000274, representing a 1,527% return on investment for early buyers.
However, Shiba Inu’s fundamentals present challenges. Shibarium, its layer-2 network, has seen a sharp decline in total value locked (TVL), falling from $6.27 million to $2.28 million.
ShibaSwap, its largest decentralized exchange, has suffered a 40% drop in TVL over the past month, while other ecosystem projects like WoofSwap and DogSwap have declined by over 30%.
On-chain activity is also weakening, with daily active accounts in Shibarium dropping from 4,500 to 1,158. Transaction fees on the network hit a low of 450 BONE ($130) on Feb. 16. These declining metrics suggest Shiba Inu needs stronger adoption catalysts to sustain any meaningful price recovery.
LTC Faces ETF Hype Drop, But Whales Keep Buying
Litecoin (LTC) surged to $137 on Feb. 13, fueled by ETF speculation, but profit-taking drove it down 5.7% to $125.65. Despite the dip, whales are accumulating, showing confidence in a rebound.
The chart shows an ascending wedge, with resistance near $154.72. A breakout could push LTC toward $188 or $221, while failure risks a drop to $114, where the 200-day EMA sits.
Data from IntoTheBlock shows the average transaction size jumped from $45,190 to $54,000, signaling institutional interest. Open interest is up 5.04% to $750.12 million, indicating traders are still positioning for upside.
Crypto analyst Daan Crypto Trades notes Litecoin follows post-halving cycles. If history repeats, LTC could recover. For now, it’s at a make-or-break point—break above $154 or risk dropping toward support.
Ethereum, Shiba Inu, and Litecoin are all in a tough spot, with price action reflecting uncertainty. Ethereum faces resistance and liquidation risks, Shiba Inu is struggling with declining network activity, and Litecoin is caught between ETF hype and profit-taking. Whether these assets recover or dip further depends on how buyers react in the coming days.
