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Ethereum, Shiba Inu, Algorand Price Analysis: 19 December
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While the Bitcoin fear and greed index saw a 6 point surge in 2 days, the bulls gained some motion as Bitcoin and Ethereum were up by more than 2.5% over the past 24-hours.
However, Shiba Inu bulls struggled to trigger an uptrend after the bears breached the 61.8% Fibonacci support.
TradingView, ETH/USDT
On its 4-hour chart, ETH formed a long-term reversal pattern by witnessing a falling wedge over the past month. However, it saw a symmetrical triangle (green) in the last seven days.
After testing it multiple times, the bears finally breached the 38.2% Fibonacci (previous support) to poke $3,503. But the price action bounced back from the 61.8% Fibonacci support.
ETh saw a decent 9.07% recovery over the past three days in anticipation of a
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