Shiba Inu, Ethereum and Ethereum Classic – European Wrap 13 September

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Shiba Inu price shows a strong adherence to the immediate support level despite the recent crash. Investors need to be careful, however, as in its current position SHIB could go either way.

 

SHIB/USDT 1-day chart

Ethereum proof-of-work handle, ETHW, announced the hard fork on Twitter. ETHW mainnet will be live 24 hours post the Merge. Analysts consider the transition to proof-of-stake a key catalyst for Ethereum price, identifying a shorting opportunity at the $1,700 level. 

 

ETH-USD price chart

Ethereum Classic (ETC) price action is fluctuating without making any big waves as price action undergoes a consolidation with lower highs and higher lows for the month of September. ETC price sees bulls failing to raise their game as the Relative Strength Index (RSI) shows signs of a slowdown in the rally. Expect a pennant breakout by the end of this week with more downside.ETC/USD Daily chart

 



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