The volatility in cryptocurrency markets continues, with altcoins recently achieving significant gains. It is difficult to assert that altcoins have reached their true potential, as BTC has not yet hit its actual peak. However, the ongoing fluctuations appear promising. What are the latest predictions from experts for SHIB, ETH, and BTC?
Insights on ETH and SHIB
As of the drafting of this article, ETH, the largest altcoin by market capitalization, is hovering around $3,590. Without sustained closures above $3,800, it is challenging to discuss a definitive turnaround for altcoins.
According to a chart shared a few hours ago by Jelle, prices beginning to close above a key resistance level are preparing to reach new highs.
“Resistance is transforming into support, paving the way for higher levels.”
The analyst anticipates that in the scenario where a major upward trend begins, the price could exceed $6,150.
TraderSZ’s SHIB chart indicates that if the price surpasses $0.00002942, a rally is expected to accelerate. At the time of writing, Shiba Coin, the second-largest meme coin, was just below this critical threshold. In a potential rise, the first major target would be $0.00003523.
Comments on Bitcoin
Crypto Rover anticipates that BTC’s price will soon test resistance at $102,349. However, BTC must maintain closures above $91,050 for this to occur. Following this, targets of $110,394 and $131,928 could be on the table.
Daan Crypto Trades highlights the risk of sudden declines due to strong demand for long positions not being reflected in the price. The analyst is evaluating scenarios based on the current situation.
“Bitcoin 
$98,513 is still trading at a perpetual premium, meaning longs are paying shorts to maintain their positions. This is generally good during a major bull trend and close to price discovery, but at some point, you’d want to see price movement.”
“Each day it doesn’t move, these longs keep paying funding rates, which could lead to their closures over time. This would eliminate some froth by itself but could lead to a long squeeze if it happens on a larger scale.”
“For now, I remain calm and await the next move.”
