Ethereum and Near Protocol test key support levels amid altcoin volatility

Major large-cap altcoins, including Ethereum, Near Protocol, Chainlink, and Shiba Inu, are experiencing mixed trading sessions as they test significant support levels following recent pullbacks.

Near Protocol is currently trading around $4.55. After rising from $1.80 in August to nearly $6.00 in mid-October, the asset saw a roughly 24% correction. While the uptrend remains intact as long as it stays above the $4.30–$4.40 moving average support zone, declining trading volume and a cooling Relative Strength Index (RSI) of 48 suggest a need for renewed momentum to reach previous highs.

Shiba Inu continues to show weakness, trading below its primary moving averages. The asset faces immediate resistance near $0.00000520, with its long-term structure appearing fragile after failing to maintain levels seen in late September.