Ethereum

Rally

Shiba Inu

Spot

Crypto Prices Today: The majority of major cryptocurrencies witnessed significant growth from mid-October to early November, largely attributed to the optimism surrounding the <a href="https://coingape.com/bitcoin-etf-sec-reportedly-in-talks-with-exchanges/" rel="noopener noreferrer nofollow">approval of the Bitcoin ETFs</a>. However, the momentum has shown signs of waning over the past week. This slowdown is highlighted by Bitcoin’s struggle to surpass the $38,000 threshold, partly due to delays in the approval of some Bitcoin ETFs.
The global cryptocurrency market cap has risen to $1.39 Trillion, marking a 0.95% increase in the last 24 hours. Alongside this, there’s been a 31.7% fall in total market volume, reaching $39.6 billion. DeFi’s contribution is notable, with its $5.15 billion volume making up 13% of the total 24-hour crypto market volume
Also Read:<a href="https://coingape.com/coinshares-analyst-predicts-btc-hitting-81000-amid-bitcoin-spot-etf-speculations/" rel="noopener noreferrer nofollow"> CoinShares Analyst Foresees BTC Hitting $81,000 Amid Bitcoin Spot ETF Speculations</a>
<h2 id="strong-ethereum-price-analysis-healthy-retracement-hints-rally-to-2240-strong">Ethereum Price Analysis: Healthy Retracement Hints Rally to $2240</h2>
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/l/LcF7aQ5k.png" alt="Ethereum Price Analysis" width="1946" height="1105">Source- Tradingview
After reaching a peak of approximately $2,137 on November 10th, the <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum coin price</a> has entered a period of modest correction. Over the past week, its value has declined by about 10.7%, resulting in a current trading price of nearly $1,960.&nbsp;
This level is notably close to the 32.8% mark on the Fibonacci retracement scale, a significant indicator in technical analysis. The overall bullish sentiment for Ether remains likely as long as its price stays above the 50% Fibonacci retracement level, which is around $1,830. Maintaining a price above this critical level suggests a <a href="https://coingape.com/markets/ethereum-price-prediction-as-points-a-rally-to-2200/" rel="noopener noreferrer nofollow">strong foundation for recovery</a>.&nbsp;
If the ETH price successfully holds above $1,830, it is well-positioned for a robust rebound, potentially escalating toward $2,240 which aligns with the resistance trendline of the wedge pattern.
<h2 id="strong-shiba-inu-price-analysis-bullish-pattern-sets-18-jump-strong">Shiba Inu Price Analysis: Bullish Pattern Sets 18% Jump</h2>
<img decoding="async" class="alignnone" src="https://s3.tradingview.com/snapshots/y/YTgfXzkN.png" alt="Shiba Inu Price Analysis" width="1815" height="792">Source- Tradingview
The recent recovery in <a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu price</a> faced a major roadblock at $0.0000095 as broader market sentiment turned uncertain. This resistance initiated a mild retracement, with the price stabilizing near the $0.000008 mark.
<blockquote>
 This correction aligns precisely with the 50% mark on the Fibonacci retracement scale, a common indicator for a healthy correction within an overall bullish trend. A closer examination of the 4-hour chart indicates that SHIB is currently in a consolidation phase, shaping up what is known as a <a href="https://coingape.com/markets/shiba-inu-price-prediction-flag-pattern-hints-18-breakout-rally/" rel="noopener noreferrer nofollow">bullish flag pattern</a>.&nbsp;
</blockquote>
Should SHIB successfully break through the upper boundary of this flag formation, it is poised to aim for an initial target of $0.000015, registering a potential rally of 18%.
<h2 id="strong-rndr-price-analysis-buyers-escape-600-days-accumulation-strong">RNDR Price Analysis: Buyers Escape 600 Days Accumulation</h2>
<img decoding="async" src="https://s3.tradingview.com/snapshots/g/gQ6AqGma.png" alt="TradingView Chart">Source- Tradingview
The <a href="https://coingape.com/render-rndr-hits-19-month-high-ahead-of-binance-japan-listing/" rel="noopener noreferrer nofollow">RNDR coin</a> has been one of the peak performers this week where the jumped from $2.1 to $3.58, registering a growth of 73.3. Amid this rally, the buyers gave a decisive breakout from the resistance trendline of the symmetrical triangle pattern. Under the influence of this pattern, the coin price witnessed a sideways accumulation phase for the past 20 months.
By the press time, the RNDR price traded at $3.58, and with sustained buying, it should reach a potential target of $4.25, followed by $5.7. However, this anticipated rally may witness some in-between pullbacks, and as per prior records, this correction is never closing below the 50% Fibonacci retracement level.
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/markets/crypto-prices-today-rndr-jumps-5-eth-and-shib-stalled/">Crypto Prices Today: RNDR Jumps 5% while ETH and SHIB Stalled in Uncertainty</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Crypto Prices Today: RNDR Jumps 5% while ETH and SHIB Stalled in Uncertainty

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