Will Ethereum Trigger the Next Shiba Inu (SHIB) Rally? Key Factors to Watch in Q2 2025
Original text:https://coingape.com/markets/heres-how-ethereum-eth-might-shape-the-next-shiba-inu-price-rally/
- Ethereum’s Role in the Next SHIB Rally
- Analyst SHIB KNIGHT believes that if Ethereum (ETH) reverses its bearish trend and gains traction, SHIB will be one of the first ETH-based tokens to pump.
- Since SHIB runs on Ethereum, any renewed investor and developer interest in ETH could also drive up SHIB’s value.
- In Q1 2025, SHIB dropped as ETH declined 45%. Historical data from Coinglass shows that ETH typically performs well in Q2, averaging 60% gains. If this trend repeats, SHIB could rally.
- The upcoming Pectra upgrade on April 30 could push ETH higher, which in turn may fuel a SHIB price surge.
- Other Potential SHIB Price Drivers
- Shibarium Layer 2 network has surpassed 1 billion transactions, signaling increasing adoption.
- SHIB’s marketing lead, LUCIE, hinted that Shibarium plans to expand into gaming and the metaverse, which could further boost SHIB’s price.
- Technical Analysis: Bullish Pattern Emerging
- Double-bottom formation on the weekly chart suggests a potential 4x price surge if the $0.0000107 support level holds.
- Key resistance levels:
- First target: $0.000032
- Breakout target: $0.0000458
- ADX indicator shows the downtrend weakening, signaling a possible trend reversal.
- CMF indicator returning to the zero line suggests slight buying pressure.
- Conclusion
- A combination of Ethereum’s performance, Shibarium’s adoption, and bullish technical signals supports the case for a SHIB rally in Q2 2025.
- A combination of Ethereum’s performance, Shibarium’s adoption, and bullish technical signals supports the case for a SHIB rally in Q2 2025.
Evaluation
This analysis presents a clear and well-structured argument for a potential SHIB price surge, focusing on three major factors: Ethereum’s impact, Shibarium’s growth, and technical indicators.
✅ Pros:
- Uses historical data and trend analysis to support the argument.
- Highlights Ethereum’s Pectra upgrade as a key catalyst, which adds credibility.
- Provides detailed technical analysis, including support and resistance levels.
⚠️ Cons:
- Ethereum’s influence on SHIB is not guaranteed. Past trends don’t always predict future performance.
- Lacks discussion on broader market conditions (e.g., macroeconomics, regulatory changes), which could affect SHIB’s price.
- Shibarium’s metaverse expansion remains speculative. More details are needed to assess its real impact.
