Ethereum Faces Significant Drop, Shiba Inu Shows Strength Amid Market Uncertainty

Ethereum (ETH) is currently showing warning signs with its price hovering near the $1,960 mark after a sharp drop from its peak above $4,000. Technical indicators suggest a potential decline below $1,000 for the first time in three years. 📈 The asset’s declining price chart and rejection from the $1,850-$2,000 resistance range further signal bearish momentum. 📉 Adding to the concern, ETH is trading below key moving averages (50, 100, and 200-day EMAs), which have turned into potential resistance zones.