Ethereum News Today: Shiba Inu (SHIB) surges 40% in July on liquidity sweep, technical bounce, and Ethereum-linked momentum

Shiba Inu (SHIB) has rekindled investor optimism in July, surging nearly 40% to challenge the $0.000025 price level—a target highlighted by analysts as a critical milestone for the meme-inspired cryptocurrency. The token’s rally follows a sharp rebound from its June 22 low of $0.00001004, driven by technical indicators and a renewed influx of market participation. At current levels near $0.000022, SHIB appears to be consolidating gains while testing key resistance zones.

Crypto analysts, including those at Tradersboat, have identified a strategic liquidity sweep as a catalyst for the recent surge. This market structure move triggered widespread stop-loss activity and cleared weaker positions, creating a “free masterclass in liquidity” as per the analyst’s description. The maneuver has positioned SHIB for a potential bullish reversal, with price action confirming a breakout above a months-old descending trendline. This development signals a structural shift, as the token now trades in a pattern of higher highs and higher lows, reinforcing its uptrend momentum.

Historical context adds weight to the $0.000025 level, which has previously acted as a major resistance barrier during the early 2024 bull run. Analysts emphasize that a sustained move above this threshold could propel SHIB toward $0.000035, with volume dynamics and support levels aligning favorably for further gains. The $0.00001500 zone remains a critical support anchor, and maintaining price above this level is seen as essential for validating the ongoing bullish case.

July’s 32% rally has outpaced many peers in the meme coin and altcoin sectors, fueled by a combination of technical strength and ecosystem developments. The Shiba Inu project has expanded its utility through Shibarium, a Layer-2 blockchain designed to enhance scalability, while exploring AI integration to broaden its use cases. These advancements have bolstered investor confidence, contributing to the token’s relative outperformance in a competitive market environment.

SHIB’s performance is also intertwined with broader trends in the Ethereum ecosystem. As an ERC-20 token, its liquidity and adoption are indirectly influenced by Ethereum’s recent breakout, which has improved network conditions for related projects. This interplay underscores the importance of macro-level crypto sentiment in supporting SHIB’s trajectory.

While the technical outlook remains optimistic, traders are urged to approach the $0.000025 and $0.000035 resistance levels with caution. Sustained volume surges and the ability to retest key zones will be crucial indicators of whether SHIB can solidify its gains. Analysts caution against aggressive positions until these milestones are confirmed, emphasizing that market structure and volume patterns should guide decision-making in the near term.