It has long been that Ethereum (ETH) is the backbone of the altcoin market, dictating how momentum and sentiment. Despite that, recent Ethereum price action has ETH falling below the $3,000 support. Shiba Inu (SHIB), one of the most popular meme coins based on the Ethereum network, is taking a hit as well.
Ethereum Price Losses $3,000 Support
The Ethereum price has been stagnant for a long time until now. At press time ETH is trading at around $2,900, falling over 9% in a day. As a result, this failure has led to a broader market downfall. Analysts warn that the future of the Ethereum price is weakened and will potentially continue to fall.
Lately, ETH has been known as being a leading indicator of what’s to happen in the altcoin market. The fall in Ethereum price also led to most altcoins falling in price as well. Predictions place ETH to reclaim the $3,200 resistance level, once the Ethereum price consolidates.
Shiba Inu Faces Uncertainty Amid Ethereum’s Weakness
Shiba Inu (SHIB) has been hit by the ripple effect of the Ethereum price decline. SHIB has seen its bullish momentum recede with current trading price at $0.000015. A large part of SHIB’s potential rally is made possible through community efforts such as tokenization burning which has helped decrease supply and increase scarcity. SHIB’s price, however, still sees some analysts believe it has significant upside potential, suggesting a 5x price rise in the long term.
This is because of the growing adoption of Shibarium (Shiba Inu’s Layer 2 blockchain) and other announced partnerships. Analysts claim that SHIB’s rally has been stunted by the Ethereum price. Once ETH rebounds, analysts project Shiba Inu to set a new all-time high.
DTX Exchange Gains Traction Amid Ethereum Price Fall
As ETH and SHIB struggle, some investors are turning their attention to ICOs with significant potential. As one of the largest $3.2 trillion global trade markets, DTX Exchange is trying to plant its flag as a major player in the space by providing seamless integration of traditional finance (TradFi) and decentralized finance (DeFi) with its proprietary hybrid Layer1 blockchain. DTX system is built to facilitate cross asset trading and means users could trade in cryptos, stocks, ETFs, forex and bonds within a single platform.
In early funding, the project has raised over $13.4 million and remains a favorite amongst institutional and retail investors due to the potential of DTX token. Priced at $0.16, over 50% of the token supply has been sold. Analysts speculate that DTX tokens could surge up to 10x after being listed on major exchanges like Binance, Bybit, Coinbase and UniSwap.
Conclusion: What’s Next for ETH, SHIB, and DTX?
Ever since Ethereum’s (ETH) poor price action, the anticipated 2025 altcoin rally has been called into question. We have witnessed a lot of advancements in the SHIB ecosystem, which could set up a rally once ETH consolidates. DTX Exchange is becoming a formidable player with the hybrid trading model which combines the best of centralized and decentralized finance. Audited by SolidProof, Its huge upside potential and impressive fundraising success makes DTX one of the greatest investment opportunities of 2025.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
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