Home Latest News Cryptocurrencies Price Prediction: Celcius, Shiba Inu & Ethereum — Asian Wrap 08...

Cryptocurrencies Price Prediction: Celcius, Shiba Inu & Ethereum — Asian Wrap 08 September – FXStreet

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Celsius made ripples in the crypto market earlier this year when it filed for bankruptcy, citing "extreme market conditions" arising from the bearishness and constant crashes. With over $4.5 billion in liabilities, Celsius has been working with the authorities to repay its customers. 
 
Shiba Inu price is showing concerning technicals that confound recent bearish on-chain metrics. A sweep-the-lows event could occur in the coming weeks. Shiba Inu price currently auctions at $0.00001214 as the bulls are trying to defend their post near the $0.00001200 level on intra-hour time frames.
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Ethereum is currently one of the most talked about assets in the crypto space, thanks to the upcoming Merge. With the transition to proof of stake (PoS) from the proof of work consensus arriving over the next few days, now seems like the right opportunity to lure users towards ETH-related services.
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Ethereum’s Merge is the most highly anticipated event fueling a bullish sentiment among holders. ETH price hit an all-year high against Bitcoin, after steady gains over the last nine months. 
Bitcoin worth $290 million recently hit Kraken as whales shed their BTC holdings. As whales flooded exchanges with Bitcoin, BTC price continued its decline below $20,000. 
Cardano (ADA) price saw bulls rallying on the back of equity markets, unfortunately, after a promising start, the little intraday rally went nowhere and could not make any substantial difference to the overall trend. 
Litecoin (LTC) price is printing losses of over -1% after the ECB rate hike and its economic forecasts for the last quarter of 2022. Whilst these sorts of statements and forecasts are less relevant for cryptocurrencies.
Bitcoin price shows an ongoing consolidation as it hovers at the same level for the past six days with no signs of directional bias. A breakout from this tightening range could result in a bearish move that eyes a sweep of the sell-stop liquidity below recent lows.
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