- SHIB trades at $0.000008460, facing bearish technical signals but holding strong support at $0.000008228.
- Ethereum hits record daily transactions (2.3M), showing growing adoption and network strength.
- SHIB may gain 16% by mid-February 2026, while ETH maintains a positive trend amid increased buyer activity.
The cryptocurrency market is showing mixed signals this week as Shiba Inu (SHIB) faces resistance, while Ethereum (ETH) demonstrates strong network activity and investor confidence. Traders are watching closely, as subtle shifts in momentum could shape market sentiment in the coming weeks.
Shiba Inu Faces Pressure Amid Mixed Signals
Shiba Inu’s current valuation stands at $0.000008460, reflecting a 5.53% drop over the last 24 hours. Despite this, the coin maintains a robust trading volume of $142 million. Its total market capitalization sits near $4.99 billion, giving it a 0.15% share of the overall crypto market.
Technical indicators paint a cautious picture. Out of 31 signals, 21 lean bearish while only 10 suggest upward momentum. The Relative Strength Index (RSI) rests at 54.78, signaling a neutral stance — the coin is neither oversold nor overbought. Meanwhile, moving averages indicate gradual downward pressure, with the 200-day simple moving average expected near $0.00001024 in mid-February 2026, and the 50-day SMA around $0.000008657.
Support is firmly established at $0.000008228, while resistance sits near $0.000009318. Analysts suggest that a decisive breakout in either direction could determine SHIB’s market sentiment for weeks. Correlation analysis further shows SHIB’s performance closely follows tokens like FLOKI, XRP, and ALGO, indicating that general market trends still strongly influence the meme coin.
Ethereum Gains Momentum With Record Activity
In contrast, Ethereum is demonstrating a more positive trajectory. Trading at $3,351 with a market cap of $407.74 billion, ETH has experienced a modest 0.5% increase in value over the last 24 hours. Trading volume is impressive at $51.51 billion, signaling continued interest from investors.
On-chain activity is reaching unprecedented levels. Ethereum recently processed 2.3 million daily transactions, marking an all-time high for the platform. Analysts point out that these numbers reflect growing adoption and underscore Ethereum’s importance for smart contracts and decentralized applications.
Price movement supports this optimistic outlook. ETH recently surpassed a key resistance point, holding above its previous base, suggesting buyers are steadily taking control. Technical indicators such as the RSI at 49.65 and a slightly improving MACD histogram hint that downward momentum may be slowing, opening the door for potential stabilization or a mild upward reversal.
Outlook: Patience May Pay for SHIB, Optimism for ETH
Shiba Inu’s short-term outlook is cautious, with technical indicators pointing to slow price action. However, predictions suggest a potential 16% gain by mid-February 2026, bringing the price to roughly $0.000009944. Meanwhile, Ethereum continues to benefit from network growth and sustained investor confidence, maintaining a positive market presence.
Also Read: Shiba Inu Eyes 758% Rally – Is Bitcoin Next?
For crypto traders, the contrast between SHIB and ETH highlights the importance of diversification and monitoring both technical signals and market sentiment. Patience and strategic entry points may be key for meme coin investors, while Ethereum’s trajectory points to a steadier, potentially bullish path in the months ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. CoinBrief.io is not responsible for any financial losses.
