As Ethereum Rallies, Shiba Inu Follows: 5 Key Reasons Behind the Surge

Jakarta, Pintu News – The digital market is now showing a bullish trend this week, with renewed momentum on major altcoins and meme coins. In an analysis of the biggest players, ETH and SHIB are leading the market movement.

As market sentiment improved, analysts began to see a close relationship between these two coins. In this article, we will discuss the five main factors that drove the Ethereum (ETH) rally, which also influenced the Shiba Inu (SHIB) price rise.

Currently, both Ethereum ($4,129.27) and Shiba Inu ($0.00001037) are trading with interrelated movements, reflecting market optimism.

Analysts Observe a Close Correlation

According to the latest update on platform X from the $SHIB KNIGHT account, which is part of the SHIB community, the current market mood is clearly depicted:

“$SHIB & #Ethereum rise together – the thesis is simple: SHIB follows the ETH wave.”

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This tweet quickly caught the attention of investors and traders. According to analysts, this is no coincidence. On-chain data, trading charts, and social metrics all point to a link – that is, SHIB’s latest surge was driven by the strength of Ethereum.

5 Key Reasons Behind the Correlated Rally between ETH and SHIB

• ETH Bullish Breakout Drives SHIB Price Increase
  SHIB’s price rise followed Ethereum’s bullish breakout, which is clearly visible on the chart in TradingView.
• Santiment On-Chain Data Shows Increased Address Activity
  Santiment recorded an increase in the number of active addresses for both assets, signaling increased user participation.
• Spike in Whale Transactions
  The increase in large transactions by whales indicates the movement of large wallets, which indicates liquidity rotation.
• Synchronized Market Cap Growth on CoinMarketCap
  Data from CoinMarketCap shows that the market capitalization of ETH and SHIB are growing in tandem, reflecting similar levels of investor confidence in both.
• Positive Social Sentiment
  The buzz from the community on social media is getting stronger, showing that support for SHIB is increasing as ETH strengthens.

ETH Rally Drives SHIB Momentum

Based on data from TradingView, ETH’s recent breakout from the consolidation phase to reach $4100 indicates a strong bullish momentum. The chart shows the movement of ETH (in candle form) and SHIB (blue line), which are both experiencing an increase in strength and trading volume.

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Price movements clearly show that SHIB tends to follow ETH breakout patterns due to shifting liquidity. When ETH experiences a lull after a price spike, SHIB only reacts about 12 hours later – showing a close correlation between the two.

Whale Deals Link ETH and SHIB

According to on-chain data from Santiment, the networks of these two coins appear to be moving simultaneously. Sentiment data shows a parallel increase in the number of active addresses and whale transactions for ETH and SHIB. This pattern indicates an accumulation and increase in network activity from their respective user communities.

Large transactions by whales play an important role in driving short-term rallies among interconnected coins in the blockchain ecosystem. The chart below shows the number of active addresses and whale transactions on Ethereum.

Meanwhile, the following graphs show the number of active addresses and whale transactions on SHIB. Both charts signal that the movement of the two coins is in line with each other – driven by active user engagement and increased capital flow.

Ethereum and SHIB Market Cap Rise Simultaneously

A chart from CoinMarketCap shows the simultaneous increase in price and market capitalization of these two assets. Ethereum’s rally through the $4,100 mark managed to boost investor confidence.

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This rise also had a direct impact on Shiba Inu, pushing its market capitalization up to $6.3 billion. This pattern shows how the Ethereum network supports the coins on it to reflect the movements happening in the ecosystem.

Social Buzz Triggers Price Movement

According to CoinMarketCap data, community sentiment towards these two coins also shows a bullish trend. Ethereum recorded a positive sentiment of 82%, while Shiba Inu was even higher at 87%. The correlation between the two is evident even in this poll data.

Traders and investors confirmed that both coins are moving in a positive sentiment cycle with market confidence levels in line.

Ethereum’s strong resurgence has been the foundation for the growth of its ecosystem. This momentum is pervasive within the network, and SHIB’s surge is a direct reflection of that strength. Analysts’ observations are reinforced by consistent chart, on-chain, and market sentiment data.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• TronWeekly. Shiba Inu: 5 Key Reasons ETH Rally is Powering SHIB’s Price Surge. Accessed on October 29, 2025