Enormous Shiba Inu (SHIB) Comeback, Bitcoin (BTC) at $58,000, but Don't Celebrate Too Early, Ethereum Below $3,000 Again

Shiba Inu (SHIB) has surged above $0.000016, signaling a potential long-term recovery after being severely oversold. However, this recovery might be temporary due to market-wide retracement and reduced whale activity.

Bitcoin (BTC) has climbed above $58,000, showing positive momentum. Still, caution is advised as it approaches the 200 EMA resistance level. This barrier must be breached to sustain its upward trend.

Ethereum (ETH) remains below $3,000 due to lack of investor support and declining on-chain activity. The market sentiment around Ethereum is still cautious, and trading volumes are low.