{"id":7296,"date":"2025-05-23T17:45:00","date_gmt":"2025-05-23T16:45:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=7296"},"modified":"2025-05-23T16:59:22","modified_gmt":"2025-05-23T15:59:22","slug":"shiba-inu-surge-ethereum-hits-4000","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/shiba-inu-surge-ethereum-hits-4000\/","title":{"rendered":"Shiba Inu Set to Surge if Ethereum Breaks $4,000 ?"},"content":{"rendered":"\n

Shiba Inu Ready to Explode<\/h2>\n\n\n\n

Investors in Shiba Inu (SHIB)<\/a><\/strong> have reasons to be optimistic. According to Polymarket<\/em> data, the price of SHIB could increase by 115%<\/strong> if Ethereum (ETH)<\/a><\/strong> manages to reach $4,000<\/strong> in the coming months. This prospect is becoming more realistic, with Ethereum’s chances of reaching this level recently increasing from 16%<\/strong> to 43%<\/strong>.<\/p>\n\n\n

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\"ETH
Source: Polymarket<\/figcaption><\/figure>\n<\/div>\n\n\n

Currently trading at $0.00001557<\/strong>, Shiba Inu could reach its all-time high in November 2024 at $0.0000333<\/strong> if Ethereum achieves its $4,000 target. Given that SHIB often follows Ethereum’s movements, such progress in ETH could result in a significant price surge<\/strong> for the memecoin.<\/p>\n\n\n\n

Several technical factors support an optimistic scenario<\/strong> for Shiba Inu. SHIB has notably formed an inverted head and shoulders pattern, generally seen as a signal of a strong uptrend<\/strong> ahead. Additionally, the cryptocurrency<\/a> is currently in the third phase of the Elliott wave, a configuration also conducive to a significant bullish<\/strong> movement<\/strong>.<\/p>\n\n\n\n

Close Correlation with Ethereum<\/h2>\n\n\n\n

The historical correlation<\/strong> between Shiba Inu and Ethereum<\/a> suggests that SHIB’s price will likely follow the bullish<\/strong> trend of ETH. In the past, it has been observed that when Ethereum rose, altcoins based on its network, like Shiba Inu, also benefited. Conversely, when Ethereum dropped, SHIB also experienced significant corrections.<\/p>\n\n\n\n

If Ethereum indeed reaches $4,000, this should result in a significant<\/strong> surge<\/strong> in SHIB’s price. SHIB investors will need to closely monitor ETH movements in the coming months to anticipate market developments.<\/p>\n\n\n\n

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Buy Shiba Inu on Bitget !<\/a><\/div>\n<\/div>\n\n\n\n

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