Crypto analyst Javon Marks has identified what he believes is a classic bullish divergence forming on the SHIB chart. The RSI is recording higher lows while the price continues to print lower lows. This divergence suggests that downside momentum may be fading. Marks projects a potential recovery exceeding 400%, with a price target of $0.000035. That figure represents a significant structural shift, one that would reset sentiment entirely for long-term holders still sitting on losses.
Shiba Inu posted a 7.81% gain over the past 7 days, but the daily losses stand at around 2.81%. The memecoin currently trades at around $0.00000632.
Ethereum’s Influence on SHIB’s Recovery Thesis
Marks extended his analysis to Ethereum, pointing to a similar divergence pattern on the ETH chart. His upside target for Ethereum sits near $4,900. This is relevant because Shiba Inu operates on the Ethereum blockchain. When ETH rallies, liquidity often flows into ecosystem tokens. Speculative assets like SHIB tend to benefit when the base layer gains strength.
The relationship, however, is not one-sided. Ethereum’s weakness would create headwinds for SHIB’s recovery. Meme coins amplify base layer movements in both directions. A stalling ETH market would make the 400% target significantly harder to reach. Traders tracking SHIB cannot afford to ignore ETH price action. The two assets are structurally linked, and that connection will likely determine whether Marks’ thesis materializes.
Marks added that the current Ethereum momentum will remain a key variable for SHIB through the coming weeks. At the time of writing, Ethereum trades at around $1,940.85, down 2.80% in the last 24 hours.
Long-Term Forecasts Tell a Different Story
Short-term technical optimism contrasts sharply with longer-term projections. CoinCodex estimates place SHIB near $0.000008532 by the end of 2026. That figure reflects approximately 30% upside from current levels, a far cry from the explosive move Marks describes. Looking further out toward 2030, some models even project prices below current levels.
This gap between short-term setups and long-term outlooks is not unusual in crypto. Markets routinely overshoot in both directions. Technical patterns can trigger sharp rallies that fade without structural support. Sustainable growth requires more than chart signals.
Source: https://coinpaper.com/14738/analyst-links-ethereum-s-4-900-target-to-potential-400-shiba-inu-price-rally
