Ethereum News Today: Shiba Inu Surges 350% on Whale Activity, Pepe Rallies 27.83% on Ethereum Gains

Shiba Inu (SHIB) and Pepe (PEPE) have seen significant price surges, driven by increased whale activity and a broader altcoin rotation. SHIB has broken above its 50-day moving average, with a 350% spike in whale transactions over the past 10 days, indicating renewed institutional interest. This bullish momentum is further supported by a 29.7% surge in trading volume, pushing SHIB towards the upper Bollinger Band. The Relative Strength Index (RSI) at 60.46 suggests strong bullish momentum without being overbought, positioning SHIB to test immediate resistance near $0.0000145, with support at $0.00001205.

PEPE, on the other hand, has rallied 27.83% in the past week, riding on Ethereum’s recent gains and maintaining strong support at $0.00001188. PEPE is currently trading near the upper Bollinger Band, with the RSI at 61.83 indicating a bullish bias. If PEPE holds above the $0.00001188 support, it could attempt a breakout beyond the $0.000014 resistance level. The narrow trading range just below this resistance suggests a potential for a significant move if bullish momentum continues.

The overall memecoin category has seen a notable increase, with a market cap jump to $67.76 billion. Both SHIB and PEPE are attracting significant investor traction due to their bullish technicals and the broader altcoin rotation. Analysts predict that the short-term rally appears sustainable, given the rising whale activity, Ethereum strength, and retail interest. However, profit-taking could trigger pullbacks in the near future. Both SHIB and PEPE show strong bullish setups, with PEPE having stronger momentum and a narrower consolidation near breakout zones. SHIB targets $0.0000145, while PEPE eyes a breakout past $0.000014 if volume supports the move.