Shiba Inu (SHIB): Things Are Getting Ugly, $1 Billion Ethereum (ETH) ETF Launch Doesn't Help, Toncoin (TON) Can't Drop Below $6.60

Market losing some momentum, but ETF launch may shake things up

Shiba Inu : Things Are Getting Ugly, $1 Billion Ethereum ETF Launch Doesn't Help, Toncoin Can't Drop Below $6.60Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.

Shiba Inu : Things Are Getting Ugly, $1 Billion Ethereum ETF Launch Doesn't Help, Toncoin Can't Drop Below $6.60Elon Musk and Dogecoin Founder Stun Crypto Community With Posts About Truth The excitement and $1.1 billion in trading volume during the first few days did not translate into a corresponding increase in Ethereum's price. The $106 million net inflow, as well as impressive numbers from ETFs like Bitwise's ETHW and BlackRock's ETHA highlighted the presence of strong interest. This sudden change in price was caused by a number of factors.

The neutral 50 level is being hovered over by the RSI indicator, which is indicating a slight bias toward buying pressure. The indicator is currently at 43. This lends even more credence to the short-term bearish outlook for Toncoin. With unfavorable technical indicators,

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