Ethereum (ETH) Eyes $3,000 Reclaim, Shiba Inu (SHIB) Hits Solid Support, US Dollar Index (DXY) Retreats from Crypto Battle

• Ethereum is currently navigating through a challenging phase, hovering around the $2,923 mark. This price level is just above the critical 200-day EMA support at $2,700, which serves as a major psychological and technical stronghold for the asset.
• Shiba Inu found strong support at a strong technical level. Currently, SHIB has landed on the 100-day Exponential Moving Average.
• As the U.S. Dollar Index nears the 106 mark, a critical observation arises regarding its potential as a turning point for long-term trends. Currently, DXY is trading at the highest level since 2023, an elevation that has significantly influenced investment flows, diverting capital from volatile cryptocurrency markets toward U.S. dollar-backed investment options.

Ethereum struggles to maintain above the $2,923 mark, Shiba Inu finds strong support at a pivotal level, and the U.S. Dollar Index influences investment flows.