Is Ethereum (ETH) $3,000 Target Possible? Bitcoin (BTC) May Revisit $70,000, Shiba Inu (SHIB) Wants More: Crypto Market Review

The market needs more upside fuel in order to continue the current growth, even though a minor correction isn't a big problem.

Arman Shirinyan · 25 Aug 2026 · 8 min read

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Is Ethereum (ETH) $3,000 Target Possible? Bitcoin (BTC) May Revisit $70,000, Shiba Inu (SHIB) Wants More: Crypto Market Review

Crypto Market Review

By
Arman Shirinyan

Tue, 25/08/2026 – 0:01

The market needs more upside fuel in order to continue the current growth, even though a minor correction isn’t a big problem.

Is Ethereum (ETH) $3,000 Target Possible? Bitcoin (BTC) May Revisit $70,000, Shiba Inu (SHIB) Wants More: Crypto Market Review

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Ethereum’s Magnitude
Bitcoin Making a Comeback
Shiba Inu May Have More Upside

Ethereum experienced one of the biggest technical changes in months, rising from under $2,000 to roughly $2,496 over the course of multiple trading sessions. As a result, the $3,000 target has come back into play, but before that level becomes the default, ETH still needs to overcome substantial resistance.

Ethereum’s Magnitude

The breakout from the extended consolidation between $1,850 and $1,950 is the most significant development. While its major moving averages remained in a bearish configuration, ETH had been stuck below $2,000 for the majority of July and August. That structure was suddenly altered by the most recent impulse.

According to the daily chart, Ethereum has now recovered all of the major moving averages. The biggest technical barrier, the long-term average around $2,140, has been decisively crossed. Shorter averages continue to be significantly lower at $1,934, $1,974, and $2,082, forming a significant support structure below the current price.

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Is Ethereum (ETH) $3,000 Target Possible? Bitcoin (BTC) May Revisit $70,000, Shiba Inu (SHIB) Wants More: Crypto Market Review

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Additional confirmation is provided by volume. One of the biggest volume spikes seen since February coincided with the first breakout candle, indicating that significant market participation rather than thin liquidity supported the move. Nevertheless, the same acceleration causes a temporary issue. Ethereum is now firmly in overbought territory as the daily RSI has reached about 80.

Bitcoin Making a Comeback

Although Bitcoin has made a strong comeback toward $79,000, the pace of the move has made room for a significant short-term decline. Even though Bitcoin’s technical structure has significantly improved, a return to the $70,000 range should not be discounted. After starting from the $63,000-$65,000 consolidation range, BTC is currently trading at about $78,700.

In just a few days, the breakout caused a significant increase in volume and propelled Bitcoin through multiple significant moving averages. Above all, Bitcoin recovered the long-term moving average at $71,765, which had served as resistance all summer. The medium-term picture is significantly improved by that breakout.

Nevertheless, without creating significant support between $72,000 and its current price, Bitcoin is currently almost 10% above this long-term average. Additionally, momentum appears stretched. The daily RSI is well within overbought territory, hovering around 82.

Shiba Inu May Have More Upside

Shiba Inu is demonstrating that, despite strong resistance near the long-term moving average, its most recent recovery may still have more room to grow. As a number of technical indicators continue to improve, SHIB is currently trading close to $0.00000543, holding onto the majority of the gains made during its most recent breakout.

The most significant development occurred when SHIB surged from roughly $0.00000445 to momentarily reach $0.00000620. The token was pushed through its short- and medium-term moving averages almost instantly by that move, which carried significant volume. The long-term moving average at $0.00000574, however, was directly hit by the rally.

SHIB produced a long upper wick and subsequent correction after briefly trading above it but failing to gain a daily foothold. This indicates that the main resistance zone is between $0.00000570 and $0.00000600. The recovery is not necessarily threatened by the rejection itself. SHIB is still above the orange moving average near $0.00000494, while the shorter averages are located at roughly $0.00000486 and $0.00000460.