πŸš€ Will ETH Make Shiba Inu Howl Again? πŸΆπŸ’°

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On this day, April 1st, a peculiar phenomenon occurred. The Shiba Inu price leaped by 4%, reaching $0.0000127. And behold, a soothsayer of the markets, known as SHIB KNIGHT, foretold a prophecy. He declared that Ethereum (ETH), the mighty blockchain, shall play a cardinal role in the next Shiba Inu rally. Let us delve into this tale of crypto whimsy.

ETH’s Hand in Shiba Inu’s Next Roaring Rally 🀝πŸ”₯

Our wise analyst, SHIB KNIGHT, believes that if ETH escapes the clutches of the bear and finds its footing once more, Shiba Inu will be the first to benefit. As the reigning king of meme coins on the Ethereum blockchain, any renewed interest in ETH will inevitably lift all tokens, including our beloved SHIB.

Recall, dear reader, that during the first quarter of 2025, the Shiba Inu price suffered a great fall as ETH tumbled by a staggering 45%. Yet, history tells us that the second quarter has often been kind to ETH, bringing an average return of 60%. If ETH follows its historical patterns, Shiba Inu could bask in the glory of a rally this very quarter.

And let us not forget the upcoming Pectra upgrade on April 30th. Should ETH rally, the top meme coin on the network will also see gains. The stars seem to align for a Shiba Inu resurgence.

These signs point to Ethereum playing a significant role in the next SHIB price rally, likely to occur in Q2 2025. But wait, there’s more to this story!

Other Forces Driving the SHIB Price Rally πŸŒͺοΈπŸ“ˆ

Apart from ETH’s influence, the growth of the Shibarium layer 2 network adds fuel to the fire. With over a billion transactions under its belt, Shibarium’s adoption is on the rise. And what’s this? LUCIE, SHIB’s marketing lead, whispers of plans to expand into gaming and the metaverse. Should these dreams come true, a massive SHIB price rally awaits.

But lo and behold, Shiba Inu has also formed a bullish double-bottom pattern on the weekly price chart, hinting at a potential 4x price rally. However, this prophecy requires the support at the second bottom ($0.0000107) to hold firm. If it does, the first resistance at $0.000032 will be challenged, leading to a breakout rally to $0.0000458.

The ADX, a trusted indicator, has flattened, signaling the weakening of the recent downtrend and paving the way for a recovery. Meanwhile, the CMF has returned to the zero line, suggesting a slight increase in buying activity. The pieces are falling into place for a Shiba Inu uprising.

In conclusion, Ethereum’s influence, combined with Shibarium’s adoption and the double bottom pattern, suggests that Shiba Inu may roar once again in Q2 2025. Stay tuned, dear crypto enthusiasts, for the saga continues…

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2025-04-01 10:48