Bitcoin price has sliced through the yearly, weekly, and monthly open as it undergoes a steep sell-off on March 5. This downswing is likely a precursor before BTC rallies to a significant level. Ethereum and Ripple have both declined and are reevaluating their strategy before moving higher.
Shiba Inu price has been consolidating above a stable support level for nearly a week with no signs of moving higher. This sideways movement, however, also hints that an explosive move is on the cards once the volume spikes.
Ethereum price could recover from its downtrend and start to climb to $4,000 as investors and analysts remain bullish on the altcoin. High network fees, considered one of the biggest deterrents for investors joining the Ethereum blockchain, have dropped 90% since November 2021.
