On the last day of 2021, most of the coins are in the correction phase.
BTC/USD
During the day yesterday, buyers restored the price of bitcoin to the level of $47,745. The sellers did not allow the price to go above this level, and in the previous night, the pair rallied back to the mark of $47,000.
Buyers are likely to attempt further gains this morning to continue the recovery in the two-hours EMA55 area.
If the attempt fails, bitcoin price could break the $46,000 support and continue declining towards the $42,500 area by the end of the week.
At press time, bitcoin is trading at $48,067.
ETH/USD
Yesterday afternoon, buyers took the initiative and were able to restore Ethereum (ETH) price above the $3,700 level. A daily high was recorded in the area of $3,770.
This morning, after an overnight pullback, buyers could try to continue rising above the $4,000 resistance area.
If the bulls fail to cross the two-hour EMA55 level, the pair may return to the weekly low zone of $3,600.
Ethereum is trading at $3,799 at press time.
shib/usd
The SHIB rate is almost unchanged from yesterday. The price has increased by only 0.34%.
After a sharp decline, SHIB is consolidating energy near $0.0000035. At the moment, the chances of sideways trading are high in the coming days. If the rate turns back to the support level at $0.00002952, the bears may seize the move.
As of press time, SHIB is trading at $0.00003421.