Three tokens are telling three different technical stories this week. Shiba Inu is trading around $0.00000448 after failing to hold both its 50-day moving average near $0.00000445 and its 100-day average near $0.00000493 — the same two levels it briefly cleared during a late-July spike to $0.0000058 before surrendering almost the entire move. Ethereum, meanwhile, is sitting near $1,890 as its short- and medium-term averages converge toward a potential golden cross, and Hyperliquid has pushed roughly 3.5% higher to about $58.04, clearing two short-term resistance levels in the process.
For SHIB, the setup is deteriorating rather than stabilizing. Its 200-day moving average, sitting around $0.00000583, is still declining, and momentum has faded with the Relative Strength Index dropping to 45 from overbought territory earlier in the cycle. The only level still holding is a floor between $0.0000041 and $0.0000043 established during June and July trading — a roughly 10% gap now separates spot price from the 100-day average it needs to reclaim to change the picture.
Ethereum's Narrowing Gap
Ethereum's technical picture is more constructive. Its 50-day moving average, near $1,818, has turned upward after months of decline, while the 100-day average near $1,920 and the 200-day average near $2,135 are both still sloping down. A sustained move above $1,920 would be needed to trigger a golden crossover, and RSI at 52.6 suggests momentum is roughly balanced rather than stretched in either direction.
That technical setup lines up with a shift in ETF demand. Daily flow data tracked by Farside Investors shows spot Ethereum ETFs snapped an eight-week outflow streak in recent weeks, adding over $365 million in assets in July and pulling in a further $60.8 million net inflow on August 5 — including roughly $50.3 million bought by BlackRock clients in a single session. ETH remains about 62% below its August 2025 peak near $4,954, but the return of institutional buying gives the current chart setup more weight than a purely technical read would suggest on its own.
Hyperliquid's Breakout Attempt
Hyperliquid has already cleared its short-term moving average near $56.93 and its 100-day average near $56.66, with RSI recovering to roughly 52.6 after spending weeks below neutral. The next test is the 50-day moving average at $60.85; a sustained push through $60-$61 would be the clearer confirmation that HYPE is breaking out rather than staging another failed rally, with the 200-day average near $50.89 as the level that would need to hold on any pullback. The token remains well off the $70-plus highs it touched earlier in the cycle.
