Shiba Inu may face its biggest breakthrough in 2025! Bitcoin's recovery is weak, and Ethereum has reached its weakest range since hitting 4,000 USD.

In the coming weeks, the crypto market may experience significant fluctuations. Shiba Inu (SHIB) is approaching a critical point in its technical formation, which could lead to the largest breakthrough by 2025; Bitcoin (BTC) has faced multiple rebounds that have been blocked, and its recovery momentum is clearly insufficient; Ethereum (ETH) has fallen to its weakest range since returning to $4,000, facing further pullback risks.

Shiba Inu (SHIB): Triangle pattern convergence, breakout imminent

Since mid-August, SHIB has been continuously converging within a symmetrical triangle, with the highs gradually moving down and the lows gradually rising, and the current price has compressed to around 0.00001236 USD.

Key resistance level: After breaking through the upward trend line, it will face resistance at $0.00001297 (100-day moving average). If it breaks out with volume, the target may look towards $0.00001388 (200-day moving average), or even challenge the $0.00001450–$0.00001500 region.

Downside risk level: If it falls below 0.00001200 USD, support will drop to 0.00001150 USD, and bears may further test 0.00000950 USD.

Technical indicators: RSI is at 47, and the trading volume continues to shrink, indicating that the market is waiting for a direction choice.

Observation Focus: $0.00001297 and $0.00001200 will determine the direction of the first major trend for SHIB in 2025.

Bitcoin (BTC): Rebound faces resistance, pullback pressure increases

BTC has recently attempted to break through the $112,000 region multiple times but has failed. It is currently trading around $111,121.

Resistance zone: $112,000 to $116,000

Support area: 100-day moving average at $110,785; if it fails, it may test the 200-day moving average at $104,520.

Technical Analysis: RSI is at 46, below neutral, and trading volume has significantly decreased compared to June and July, indicating weak buying pressure.

Risk warning: If there is a lack of new demand inflow, BTC is more likely to continue its fall rather than quickly rebound.

Ethereum (ETH): Stuck in a stalemate, leaning towards a downward breakout

The ETH price is consolidating around 4,144 USD, positioned between the 26-day and 50-day moving averages, with insufficient momentum.

Support level: 100-day moving average at 3,607 USD; if it falls below, it may test the 200-day moving average at 3,190 USD.

Resistance level: There is a lack of sustained buying above $4,300, and the rebound momentum is limited.

Technical analysis: RSI is at 52, close to neutral, and trading volume has been declining since mid-August.

Technical Observation: Without a surge in demand, ETH is unlikely to return above $4,000, and in the short term, it is more likely to seek support downward.

Summary and Key Observations for Traders

SHIB: The technical pattern is compressed to a critical point, and the direction of the breakout will determine the market pattern at the beginning of 2025.

BTC: The rebound is weak, and if it falls below 110,785 USD, it may trigger a deeper pullback.

ETH: Lacking upward catalysts, the short-term trend is weak, and attention must be paid to the support at $3,607.

Overall, the market sentiment is cautiously bearish. Unless there are significant positive developments or capital inflows, a bullish trend is unlikely to fully unfold. Traders should closely monitor key technical levels and changes in trading volume to prepare for potential large fluctuations.