Oh joy, let’s talk about money, specifically the kind that makes your bank account feel like it’s on a rollercoaster. This week, Ethereum (ETH) decided to flex its muscles by pushing through its 200-day moving average on the two-day chart. It’s like it’s saying, “Look at me, I’m strong enough to bench-press a small car!” And guess who’s right behind it? Shiba Inu (SHIB), the meme coin that makes you wonder if your dog could retire before you do.
SHIB is currently up 9.13%, which is like getting a 9% raise at work… except it’s not work because you’re just holding onto a digital token. It’s inching closer to its own 200-day moving average on the same two-day time frame. Can you feel the excitement building? Or is that just indigestion?
At the time of writing, SHIB was trading at $0.00001522. Now, this might sound like a lot of zeros, but remember, it’s crypto – where zeros are as common as empty promises from politicians. The last time Ethereum broke above this long-term resistance, it went on a multi-week vertical rally. And now, SHIB seems to be setting up for something similar. Could it be the start of another “to the moon” journey? 🚀
SHIB’s dominance on the Ethereum network is like Beyoncé at the Grammys – everyone knows they’re the star of the show. With a market cap of $8.97 billion, it’s the go-to token for those looking to measure Ethereum’s risk appetite. It’s like the canary in the coal mine, but instead of warning of danger, it’s signaling potential riches.
Ethereum has already cleared its final pre-$4,000 resistance level, hitting $3,750. Meanwhile, SHIB is playing catch-up, closing the gap between its 50-day and 200-day lines. If this crossover happens, it could be the signal for SHIB to finally have its moment in the sun. Or maybe it’ll just go back to napping like my cat does all day.
So, if you’re holding onto SHIB, get ready for a wild ride. It might not lead the pack, but it’s definitely following closely behind Ethereum. After all, when ETH moves, its shadow assets don’t stay still for long. Just make sure you have your seatbelt fastened, because in crypto, anything can happen!
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2025-07-20 18:05