NAIROBI (CoinChapter.com)— Ethereum (ETH), Shiba Inu (SHIB), and Floki Inu (FLOKI) are gaining traction among traders as their price movements and ecosystem developments create distinct opportunities in the crypto market. Ethereum eyes a bullish breakout fueled by technical patterns, while SHIB and FLOKI leverage growing ecosystems to attract investor interest.
Ethereum Eyes $7,000 as Bullish Pattern Takes Shape
Ethereum’s price action hints at a potential rally, with analysts highlighting an inverse Head and Shoulders pattern forming on the monthly chart. According to Rekt Capital, the $3,650–$3,760 range serves as a critical resistance zone, acting as the neckline of this bullish structure.
Currently consolidating near $3,200, Ethereum is holding above the psychological $3,000 level. This range could serve as the base for the pattern’s right shoulder, reinforcing bullish momentum.
Analyst Miky Bull projected an 87.53% increase, targeting the $7,400–$7,500 range. With the 50-day EMA at $3,406 providing resistance and the 200-day EMA at $3,112 offering support, the market is at a crucial inflection point. A move beyond the neckline could validate the pattern and drive Ethereum’s price into its next bullish phase.
Shiba Inu Finds Support as Shibarium Hits 800 Million Transactions
Shiba Inu (SHIB) is holding steady near $0.0000218, finding key support from significant buying activity. On-chain data shows that 18.2 trillion SHIB were purchased in the $0.000019–$0.000021 range by 20,000 addresses, creating a short-term cushion against further declines. Below this level, a stronger support zone emerges between $0.000014 and $0.000019, where 532 trillion SHIB were acquired by 133,600 wallets at an average price of $0.000016.
Adding to its resilience, Shibarium, Shiba Inu’s layer-2 blockchain, has processed nearly 800 million transactions, according to lead developer Shytoshi Kusama.
The chart further shows SHIB battling resistance near $0.00002328, aligning with the 50-day EMA. Breaking above this level could pave the way for a move toward the Fibonacci resistance at $0.00002769.
The upcoming release of Lap Dogs, a Web3 game announced by the Shiba Inu team, could further boost engagement. CoinCodex forecasts that SHIB could trade within a range of $0.00001782 to $0.00009306 in 2025.
Floki Inu Eyes 200% Rally Amid Key Support Tests
Floki Inu (FLOKI) is trading near $0.0001547, testing a critical support zone around $0.0001500. This level is crucial for sustaining bullish momentum, with Investing Haven forecasting a 200% rally to $0.0005 if FLOKI maintains support above $0.000122. The chart highlights the 0.618 Fibonacci retracement at $0.0001579 as immediate resistance, with stronger upside potential if this level is reclaimed.
Despite recent bearish pressure, the Relative Strength Index (RSI) sits at 34.64, nearing oversold territory, signaling that selling momentum may be easing. The accumulation/distribution indicator, however, reflects continued outflows, indicating cautious sentiment among traders. A breakdown below $0.0001500 could test the next major support at $0.0001474.
CryptoElites projects a 5x surge to $0.00088, citing a positive technical setup. Master Kenobi highlights the possibility of a 10x rally to $0.0011 if market momentum aligns with ecosystem growth. Floki’s ecosystem, including the FlokiFi Locker and Valhalla play-to-earn game, continues to expand, bolstering its use case and adoption.
Ethereum, Shiba Inu, and Floki Inu each offer unique investment narratives in the current market landscape. While Ethereum’s bullish trajectory signals institutional confidence, SHIB and FLOKI rely on community-driven momentum and ecosystem growth.
