Bitcoin (BTC) 
$77,710 experienced a rapid climb to $98,000, only to plummet shortly after. Altcoin traders have grown accustomed to these increasingly exhausting price movements. Continuous bear markets have rendered BTC prices insignificant, raising questions about the current forecasts for AVAX, SHIB, and ETH.
AVAX Coin Analysis
AVAX, one of the major smart contract platforms, is currently hovering just above the critical support level of $22.39. Despite recent price fluctuations, this level has proven resilient. However, AVAX has not managed to recover, despite attempts to reclaim the $27 mark.
Due to the ongoing volatility of BTC prices, AVAX bulls have struggled to push past $27. The market remains stagnant following the ETF approval, with a potential rise to $38 and $44 imminent if the $27 threshold is overcome. In the short term, continued lower closes are unfavorable for AVAX.
SHIB and ETH Updates
For Shiba Coin, we have consistently highlighted the support level at $0.00001617. As closures continue below this point, new drop risks down to $0.00001236 have become evident.
For a bullish trend, BTC’s extreme negative volatility needs to stabilize. We should also see strong indicators for interest rate cuts and a resolution of Trump’s global trade war stance.
Ethereum (ETH) 
$2,317 remains the largest altcoin, continuing to display erratic price behavior. Currently, priced around $3,300, investors are facing challenges as fluctuations dip the price below $2,800. The ETHBTC pairing has lost its supportive 0.03 level.
The ETHUSDT pairing is currently around the $2,714 mark. Following recent declines, it dipped to $2,346 but remains below the $2,746 parallel channel resistance. Last year, after nearly 100 days at these levels, an upward trend began.
Aiming for resistance closures above $3,080 could indicate potential upward movement.
