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The Ethereum price has taken a hit, dropping over 4% in the last 24 hours to trade at $3,293.13. Despite this dip, analysts at K33 Research believe that Ethereum could still outperform Bitcoin in the coming weeks after the launch of a spot Ethereum ETF on July 8.
The recent drop in Ethereum’s price has caused it to lose a key support level at $3,362.72, putting it at risk of falling further to $3,239.60. However, a 4-hour candle close above $3,362.72 could invalidate the bearish trend and potentially push the price higher to $3,629.50.
Technical indicators suggest that Ethereum’s price may continue to fall in the next 24 hours, with both the MACD and RSI showing bearish signals. Despite this, investors are turning their attention to Shiba Shootout (SHIBASHOOT) for potential gains, with some experts predicting it could outperform Shiba Inu.
SHIBASHOOT’s presale has already raised over $480,000, with the token priced at $0.0194. Investors can purchase the token using ETH, USDT, or a bank card and stake it for a 2,264% APY. With upcoming developments like a P2E game and the Lucky Lasso Lottery, SHIBASHOOT is generating excitement in the crypto community.
With all these factors combined, it’s no wonder that investors are rushing to buy SHIBASHOOT before its price increases. Don’t miss out on this opportunity to potentially earn significant returns.
