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A move to test $0.00003, however, comes with some bullish flashes. The successively higher lows and higher highs show that the stock is on an upward trajectory. The volume spike that comes at the same time of the breakout puts a sting into the case for a bullish run. As such, if the buying pressure persists, the upside target price of $0.00003 can easily come into the picture with SHIB above the 50 EMA.
In the process, after a substantial rally in which ETH broke above multiple resistance levels, the cryptocurrency reached a massive wall around the $3,900 area. This area has proved to be a hard nut to crack and has led to a minor pullback as witnessed in prior trading sessions. For now, the price is sitting around $3,850 in a consolidation pattern.Yet several indicators could signal that Ethereum is taking a breather now.