Ethereum (ETH) Volume Surges Amid Bullish Momentum
Ethereum (ETH) has captured traders’ attention with a dramatic surge in trading volume, reaching $28 billion in daily activity—a clear signal of heightened volatility and renewed investor interest. $ETH ETH is currently trading at $3,880, up 1.7% in the last 24 hours, with market capitalization holding steady at $465 billion1. The bullish momentum is underpinned by strong technicals: the Relative Strength Index (RSI) sits at a mildly bullish 64, and a bullish MACD crossover has been confirmed on the 4-hour chart. Support levels are found at $3,820 and $3,700, while resistance looms at $3,950 and $4,1001.
On-chain data further supports the bullish case. The Ethereum network saw a 40% surge in new user adoption last week, coinciding with a 12% jump in market capitalization. Analysts highlight that if ETH can break past the current resistance, the rally could extend further, with renewed optimism among institutional and retail investors2.
Shiba Inu (SHIB): Brutal Reversal After Skyrocketing Gains
$SHIB Inu (SHIB) experienced a sharp correction after a brief rally earlier in April. The token is now trading at $0.00001312, down 4.45% in the past 24 hours and approximately 9% from its local high at the start of the month34. Trading volume has also declined by over 22% in the last day, signaling waning interest and a potential trend reversal4. Despite previous bullish forecasts fueled by Shibarium Layer-3 upgrade anticipation and high burn rates, SHIB’s price action has entered a period of consolidation, with technicals suggesting suppressed volatility and indecision3.
Historical data suggests that SHIB may face further seasonal struggles, as the months ahead typically yield limited upside for the token. Unless a significant catalyst emerges, a sustained rebound may not materialize until October, which has historically been SHIB’s strongest month5.
Dogecoin (DOGE): Can It Still Hit $0.20?
Dogecoin (DOGE) is currently trading around $0.17, having stabilized after a prolonged downtrend. Technical indicators suggest the market is in a consolidation phase, with support near $0.16 acting as a psychological anchor6. For DOGE to break out and target $0.20, a strong daily close above this level—backed by increased trading volume—will be crucial. Without a surge in community hype or broader altcoin rallies, DOGE is likely to continue trading sideways or mildly bullish in the near term6.
Long-term forecasts for 2025 remain mixed. Some analysts see $0.20 as a realistic upper target for $DOGE this year, while others project a range between $0.17 and $0.39, depending on market sentiment and external catalysts7. A parabolic run to $5 is considered highly unlikely, but a rally toward $0.30 could occur if the broader crypto market aligns favorably67.
Ethereum is leading the current market action with explosive volume and bullish signals. Shiba Inu’s rally has been abruptly halted, with seasonal trends suggesting more headwinds ahead. Dogecoin remains range-bound, with $0.20 still within reach if momentum returns, but lacking a clear catalyst for a major breakout.
