Meme coins face a severe decline! Ethereum stands out, showcasing king-like resilience!
In the recent market fluctuations, Shiba Inu (SHIB) and Dogecoin (DOGE) have seen significant declines, while Ethereum (ETH) demonstrates extraordinary resilience and growth potential, marking a shift in the crypto market's focus from speculative assets to fundamentally stronger mainstream coins.
Shiba Inu & Dogecoin under pressure, meme coin frenzy cools down.
SHIB's breakout failed, facing heavy selling pressure in the $0.0000155 region, continuously breaking below the 50 and 200 EMA support levels. The technical structure is weak, with increased red trading volume and intensified panic selling; the next support targets are $0.0000125 and $0.0000113.
DOGE also encountered a sudden pullback, plummeting over 22% from $0.28 and breaking below the triple EMA support level, instantly reversing market sentiment. The surge in trading volume indicates that the decline is not coincidental, as speculative funds quickly fled, undermining market confidence.
The drastic adjustment of these two meme coins highlights their high sensitivity to changes in sentiment, lacking strong support and institutional capital, making them vulnerable to volatility impacts.
Ethereum shows a strong stance, steadily leading the market.
Meanwhile, Ethereum robustly broke through the $2,700 resistance, surging to $3,900, with trading volume continuously increasing and no severe selling pressure observed.
RSI has gently retreated from the overbought zone without damaging the structure.
Maintaining above $3,200 and the 50 EMA, the technical pattern continues to improve.
Institutional support and continuous inflow of long-term capital enhance ETH's resilience.
According to COINOTAG data, 'the trading volume of ETH is structurally stable, in stark contrast to the speculative surge of meme coins,' reflecting the market's focus shifting back to mainstream assets.
Currently, if ETH can hold the $3,500~$3,600 range, it is expected to further break through the $4,000 mark, becoming the core force driving the market's recovery.
Market insight: Speculative heat recedes, value logic returns.
This contrasting market indicates:
Meme coins struggle to sustain without structural support.
Mainstream assets like Ethereum, supported by both technical analysis and institutional preferences, are more resilient to declines and have continuous growth potential.
Conclusion:
The market is at a critical stage of structural transformation. Investors should closely monitor trading volume, support levels, and capital flows, avoid high-volatility risk assets, and focus on fundamentally solid mainstream projects.
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