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Cryptocurrencies Price Prediction: Shiba Inu, Ethereum and Ethereum Classic – European Wrap 13 September – FXStreet

FXStreet Team FXStreet Team

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. 
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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Cardano price has been repeating a fractal pattern, which has taken the form of a short rally up to tap liquidity, for several weeks now, however, due to exhaustion and deteriorating market conditions, the so-called “Ethereum-killer” is now taking a u-turn and not stopping until it encounters a stable support floor.
Bitcoin price has been on a rollercoaster ride since June 18. The most recent yet explosive run-up has hit targets mentioned in our previous publication. 
Shiba Inu price has been waiting to find a perfect support level for months after its recent explosive move. Despite undoing the gains of the last rally, SHIB has not reached a stable foothold.
ApeCoin price triggered an impressive rally over the last two weeks, which seems to have ended. The recent downswing in altcoins, including APE, is occurring due to Bitcoin’s sudden flip in bias from bullish to bearish. 
Bitcoin price has not only swept key swing lows, as noted in last week’s articles, but it has also reached its first recovery level target. While the recovery rally was as quick as it was a surprise, investors can hope for a minor retracement to get on the next leg-up.
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